Pagaya Technologies Ltd. (PGY)

PGY trades at $34.64, 3.8% below the near-term max pain of $36 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($10-$36), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PGY shows a downward trend from 36 to 10, indicating bearish sentiment or hedging activity. The 104% spread signals divergent expectations across timeframes. Most levels below 34.64 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.