HealthStream Inc. (HSTM)

HSTM trades at $27.36, 82.4% above the near-term max pain of $15 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$80), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HSTM shows a downward trend from 80 to 15, indicating bearish sentiment or hedging activity. The 210% spread signals divergent expectations across timeframes. Levels distributed around 27.36. Strong magnetic level at 15 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.