PENN Entertainment Inc. (PENN)
PENN Entertainment Max Pain By Strike
PENN trades at $18.23, 7.2% above the near-term max pain of $17 expiring Aug 22, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($9-$20), indicating stable market expectations. Key magnetic zone at 18 where 8 expirations converge.
PENN Entertainment Max Pain By Expiry
Max pain for PENN shows stable levels around 17.29, reflecting balanced market expectations. The 64% spread signals divergent expectations across timeframes. Most levels below 18.23 may cap rallies. Strong magnetic level at 18 (8 expirations). 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 22, 2025 | 17 | -1.23 (-6.77%) |
| Aug 29, 2025 | 17.5 | -0.73 (-4.03%) |
| Sep 5, 2025 | 18 | -0.23 (-1.29%) |
| Sep 12, 2025 | 16.5 | -1.73 (-9.51%) |
| Sep 19, 2025 | 17.5 | -0.73 (-4.03%) |
| Sep 26, 2025 | 18 | -0.23 (-1.29%) |
| Oct 17, 2025 | 18 | -0.23 (-1.29%) |
| Dec 19, 2025 | 18 | -0.23 (-1.29%) |
| Jan 16, 2026 | 17.5 | -0.73 (-4.03%) |
| Mar 20, 2026 | 18 | -0.23 (-1.29%) |
| Apr 17, 2026 | 9 | -9.23 (-50.64%) |
| Jun 18, 2026 | 17 | -1.23 (-6.77%) |
| Sep 18, 2026 | 20 | 1.77 (9.68%) |
| Jan 15, 2027 | 20 | 1.77 (9.68%) |