Protagonist Therapeutics ... (PTGX)

PTGX trades at $64.83, 17.9% above the near-term max pain of $55 expiring Oct 17, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($22.5-$65), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PTGX shows an upward trend from 22.5 to 65, suggesting bullish positioning in longer-dated options. The 97% spread signals divergent expectations across timeframes. Most levels below 64.83 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.