(PBJ)

PBJ trades at $46.58, 13.6% above the near-term max pain of $41 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($8-$41), signaling increased put positioning or downside protection. Key magnetic zone at 41 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PBJ shows a downward trend from 41 to 8, indicating bearish sentiment or hedging activity. The 110% spread signals divergent expectations across timeframes. Most levels below 46.58 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.