PENN Entertainment Inc. (PENN)

PENN trades at $19, pinned near the near-term max pain of $19 expiring Oct 10, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($9-$20.5), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PENN shows a downward trend from 20.5 to 9, indicating bearish sentiment or hedging activity. The 67% spread signals divergent expectations across timeframes. Levels distributed around 19. Strong magnetic level at 18 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.