Photronics Inc. (PLAB)

PLAB trades at $22.64, 13.2% above the near-term max pain of $20 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$22.5), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PLAB shows a downward trend from 22.5 to 12.5, indicating bearish sentiment or hedging activity. The 53% spread signals divergent expectations across timeframes. Most levels below 22.64 may cap rallies. Strong magnetic level at 20 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.