Oruka Therapeutics Inc. (ORKA)

ORKA trades at $19.79, 13.1% above the near-term max pain of $17.5 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$17.5), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ORKA shows a downward trend from 17.5 to 12.5, indicating bearish sentiment or hedging activity. The 32% spread signals divergent expectations across timeframes. Most levels below 19.79 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.