Patterson-UTI Energy Inc. (PTEN)

PTEN trades at $5.55, 7.5% below the near-term max pain of $6 expiring Sep 19, 2025 (7 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($5-$8), signaling increased put positioning or downside protection. Key magnetic zone at 6 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PTEN shows a downward trend from 8 to 5, indicating bearish sentiment or hedging activity. The 49% spread signals divergent expectations across timeframes. Most levels above 5.55 could support dips. Strong magnetic level at 6 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.