(PIO)
Max Pain By Strike
PIO trades at $45.87, 17.6% above the near-term max pain of $39 expiring Sep 19, 2025 (28 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($5-$40), reflecting growing call interest at higher strikes. Key magnetic zone at 39 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for PIO shows an upward trend from 5 to 40, suggesting bullish positioning in longer-dated options. The 111% spread signals divergent expectations across timeframes. Most levels below 45.87 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 | 39 | -6.87 (-14.98%) |
| Oct 17, 2025 | 40 | -5.87 (-12.80%) |
| Dec 19, 2025 | 34 | -11.87 (-25.88%) |
| Jan 16, 2026 | 5 | -40.87 (-89.10%) |
| Mar 20, 2026 | 39 | -6.87 (-14.98%) |