APA Corporation (APA)
APA Max Pain By Strike
APA trades at $20.25, 6.6% above the near-term max pain of $19 expiring Aug 22, 2025 (3 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($17.5-$95), indicating stable market expectations. Key magnetic zone at 20 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
APA Max Pain By Expiry
Max pain for APA shows stable levels around 25.04, reflecting balanced market expectations. The 310% spread signals divergent expectations across timeframes. Most levels below 20.25 may cap rallies. Strong magnetic level at 20 (5 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 |
|---|---|---|
| Aug 22, 2025 | 19 | -1.25 (-6.17%) |
| Aug 29, 2025 | 19 | -1.25 (-6.17%) |
| Sep 5, 2025 | 20 | -0.25 (-1.23%) |
| Sep 12, 2025 | 20 | -0.25 (-1.23%) |
| Sep 19, 2025 | 17.5 | -2.75 (-13.58%) |
| Sep 26, 2025 | 20 | -0.25 (-1.23%) |
| Oct 17, 2025 | 17.5 | -2.75 (-13.58%) |
| Jan 16, 2026 | 20 | -0.25 (-1.23%) |
| Mar 20, 2026 | 20 | -0.25 (-1.23%) |
| Apr 17, 2026 | 17.5 | -2.75 (-13.58%) |
| Jun 18, 2026 | 22.5 | 2.25 (11.11%) |
| Dec 18, 2026 | 95 | 74.75 (369.14%) |
| Jan 15, 2027 | 17.5 | -2.75 (-13.58%) |