Fuel Tech Inc. (FTEK)

FTEK trades at $2.74, 174.0% above the near-term max pain of $1 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($1-$8), signaling increased put positioning or downside protection. Key magnetic zone at 1 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FTEK shows a downward trend from 8 to 1, indicating bearish sentiment or hedging activity. The 210% spread signals divergent expectations across timeframes. Levels distributed around 2.74. Strong magnetic level at 1 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.