OGE Energy Corp. (OGE)

OGE trades at $45.09, 12.7% above the near-term max pain of $40 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22.5-$45), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for OGE shows a downward trend from 45 to 22.5, indicating bearish sentiment or hedging activity. The 61% spread signals divergent expectations across timeframes. Most levels below 45.09 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.