Alaska Air Group Inc. (ALK)

ALK trades at $62.99, 20.0% above the near-term max pain of $52.5 expiring Sep 19, 2025 (22 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($45-$65), signaling increased put positioning or downside protection. Key magnetic zone at 50 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ALK shows a downward trend from 65 to 45, indicating bearish sentiment or hedging activity. The 38% spread signals divergent expectations across timeframes. Most levels below 62.99 may cap rallies. Strong magnetic level at 50 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.