(PCY)
Max Pain By Strike
PCY trades at $20.91, 4.6% above the near-term max pain of $20 expiring Sep 19, 2025 (34 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($18-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for PCY shows a downward trend from 97.5 to 18, indicating bearish sentiment or hedging activity. The 224% spread signals divergent expectations across timeframes. Levels distributed around 20.91. 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 |
|---|---|---|
| Sep 19, 2025 | 20 | -0.91 (-4.35%) |
| Oct 17, 2025 | 18 | -2.91 (-13.92%) |
| Dec 19, 2025 | 22 | 1.09 (5.21%) |
| Jan 16, 2026 | 97.5 | 76.59 (366.28%) |
| Mar 20, 2026 | 20 | -0.91 (-4.35%) |