(PCY)

PCY trades at $21.25, 6.3% above the near-term max pain of $20 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. 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 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 21.25. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.