(PPI)

PPI trades at $17.05, 21.8% above the near-term max pain of $14 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($10-$14), signaling increased put positioning or downside protection. Key magnetic zone at 14 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PPI shows a downward trend from 14 to 10, indicating bearish sentiment or hedging activity. The 31% spread signals divergent expectations across timeframes. Most levels below 17.05 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.