Penguin Solutions Inc. (PENG)

PENG trades at $26.2, 4.8% above the near-term max pain of $25 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($15-$25), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PENG shows a downward trend from 25 to 15, indicating bearish sentiment or hedging activity. The 50% spread signals divergent expectations across timeframes. Most levels below 26.2 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.