Penumbra Inc. (PEN)
Penumbra Max Pain By Strike
PEN trades at $253.72, 10.3% above the near-term max pain of $230 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($150-$260), reflecting growing call interest at higher strikes. Key magnetic zone at 230 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Penumbra Max Pain By Expiry
Max pain for PEN shows an upward trend from 150 to 260, suggesting bullish positioning in longer-dated options. The 49% spread signals divergent expectations across timeframes. Most levels below 253.72 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 | 230 | -23.72 (-9.35%) |
| Sep 19, 2025 | 230 | -23.72 (-9.35%) |
| Oct 17, 2025 | 250 | -3.72 (-1.47%) |
| Dec 19, 2025 | 220 | -33.72 (-13.29%) |
| Jan 16, 2026 | 260 | 6.28 (2.48%) |
| Apr 17, 2026 | 150 | -103.72 (-40.88%) |