(PIT)

PIT trades at $51.41, 9.4% above the near-term max pain of $47 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($45-$47), signaling increased put positioning or downside protection. Key magnetic zone at 47 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PIT shows a downward trend from 47 to 45, indicating bearish sentiment or hedging activity. The 4% spread suggests strong consensus on fair value. Most levels below 51.41 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.