(PIE)
Max Pain By Strike
PIE trades at $22.75, pinned near the near-term max pain of $23 expiring Sep 19, 2025 (33 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($13-$23), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for PIE shows a downward trend from 23 to 13, indicating bearish sentiment or hedging activity. The 56% spread signals divergent expectations across timeframes. Most levels below 22.75 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 |
|---|---|---|
| Sep 19, 2025 | 23 | 0.25 (1.10%) |
| Oct 17, 2025 | 13 | -9.75 (-42.86%) |
| Jan 16, 2026 | 16 | -6.75 (-29.67%) |
| Apr 17, 2026 | 20 | -2.75 (-12.09%) |