Appian Corporation (APPN)
Appian Max Pain By Strike
APPN trades at $29.94, 8.9% above the near-term max pain of $27.5 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$30), signaling increased put positioning or downside protection. Key magnetic zone at 28 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Appian Max Pain By Expiry
Max pain for APPN shows a downward trend from 30 to 25, indicating bearish sentiment or hedging activity. The 18% spread signals divergent expectations across timeframes. Levels distributed around 29.94. 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 | 27.5 | -2.44 (-8.15%) |
| Oct 17, 2025 | 25 | -4.94 (-16.50%) |
| Nov 21, 2025 | 30 | 0.06 (0.20%) |
| Jan 16, 2026 | 30 | 0.06 (0.20%) |
| Feb 20, 2026 | 27.5 | -2.44 (-8.15%) |