Baker Hughes (BKR)

BKR trades at $48.5, 7.8% above the near-term max pain of $45 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($38-$49), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for BKR shows a downward trend from 49 to 38, indicating bearish sentiment or hedging activity. The 25% spread signals divergent expectations across timeframes. Most levels below 48.5 may cap rallies. Strong magnetic level at 45 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.