OGE Energy Corp. (OGE)
OGE Energy Max Pain By Strike
OGE trades at $45.68, pinned near the near-term max pain of $45 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($22.5-$45), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
OGE Energy Max Pain By Expiry
Max pain for OGE shows a downward trend from 45 to 22.5, indicating bearish sentiment or hedging activity. The 58% spread signals divergent expectations across timeframes. Most levels below 45.68 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 45 | -0.68 (-1.49%) |
| Sep 19, 2025 | 40 | -5.68 (-12.43%) |
| Oct 17, 2025 | 22.5 | -23.18 (-50.74%) |
| Dec 19, 2025 | 40 | -5.68 (-12.43%) |
| Mar 20, 2026 | 45 | -0.68 (-1.49%) |