(PZA)
Max Pain By Strike
PZA trades at $22.87, 4.0% above the near-term max pain of $22 expiring Sep 19, 2025 (8 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($14-$22), reflecting growing call interest at higher strikes. Key magnetic zone at 22 where 3 expirations converge.
Max Pain By Expiry
Max pain for PZA shows an upward trend from 14 to 22, suggesting bullish positioning in longer-dated options. The 40% spread signals divergent expectations across timeframes. Most levels below 22.87 may cap rallies. Strong magnetic level at 22 (3 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 |
|---|---|---|
| Sep 19, 2025 | 22 | -0.87 (-3.80%) |
| Oct 17, 2025 | 22 | -0.87 (-3.80%) |
| Jan 16, 2026 | 22 | -0.87 (-3.80%) |
| Apr 17, 2026 | 14 | -8.87 (-38.78%) |