Plug Power Inc. (PLUG)
Plug Power Max Pain By Strike
PLUG trades at $3.4, 36.0% above the near-term max pain of $2.5 expiring Oct 17, 2025 (-1 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($1.5-$3.5), signaling increased put positioning or downside protection. Key magnetic zone at 2 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Plug Power Max Pain By Expiry
Max pain for PLUG shows a downward trend from 3.5 to 1.5, indicating bearish sentiment or hedging activity. The 87% spread signals divergent expectations across timeframes. Most levels below 3.4 may cap rallies. Strong magnetic level at 2 (6 expirations). 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 |
|---|---|---|
| Oct 17, 2025 | 2.5 | -0.90 (-26.47%) |
| Oct 24, 2025 | 3 | -0.40 (-11.76%) |
| Oct 31, 2025 | 2.5 | -0.90 (-26.47%) |
| Nov 7, 2025 | 3 | -0.40 (-11.76%) |
| Nov 14, 2025 | 3.5 | 0.10 (2.94%) |
| Nov 21, 2025 | 2.5 | -0.90 (-26.47%) |
| Nov 28, 2025 | 3 | -0.40 (-11.76%) |
| Dec 19, 2025 | 1.5 | -1.90 (-55.88%) |
| Jan 16, 2026 | 1.5 | -1.90 (-55.88%) |
| Mar 20, 2026 | 2 | -1.40 (-41.18%) |
| Jun 18, 2026 | 1.5 | -1.90 (-55.88%) |
| Jan 15, 2027 | 1.5 | -1.90 (-55.88%) |
| Jan 21, 2028 | 2 | -1.40 (-41.18%) |