(IPO)

IPO trades at $50.16, 100.6% above the near-term max pain of $25 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$40), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IPO shows a downward trend from 40 to 25, indicating bearish sentiment or hedging activity. The 46% spread signals divergent expectations across timeframes. Most levels below 50.16 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.