(PPLT)
Max Pain By Strike
PPLT trades at $122.35, 11.2% above the near-term max pain of $110 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($110-$120), signaling increased put positioning or downside protection. Key magnetic zone at 115 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for PPLT shows a downward trend from 120 to 110, indicating bearish sentiment or hedging activity. The 9% spread suggests strong consensus on fair value. Most levels below 122.35 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 | 110 | -12.35 (-10.09%) |
| Oct 17, 2025 | 115 | -7.35 (-6.01%) |
| Dec 19, 2025 | 120 | -2.35 (-1.92%) |
| Jan 16, 2026 | 120 | -2.35 (-1.92%) |
| Mar 20, 2026 | 115 | -7.35 (-6.01%) |