Donegal Group Inc. (DGICA)

DGICA trades at $19.31, 3.5% below the near-term max pain of $20 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7.5-$20), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for DGICA shows a downward trend from 20 to 7.5, indicating bearish sentiment or hedging activity. The 91% spread signals divergent expectations across timeframes. Most levels below 19.31 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.