Icahn Enterprises L.P. (IEP)

IEP trades at $8.28, 17.2% below the near-term max pain of $10 expiring Oct 17, 2025 (18 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($7.5-$10), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IEP shows a downward trend from 10 to 7.5, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels above 8.28 could support dips. Strong magnetic level at 10 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.