Helmerich & Payne Inc. (HP)

HP trades at $19.8, 13.1% above the near-term max pain of $17.5 expiring Sep 19, 2025 (22 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($15-$20), reflecting growing call interest at higher strikes. Key magnetic zone at 18 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HP shows an upward trend from 15 to 20, suggesting bullish positioning in longer-dated options. The 28% spread signals divergent expectations across timeframes. Levels distributed around 19.8. Strong magnetic level at 18 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.