Ranpak Corp. (PACK)
Ranpak Max Pain By Strike
PACK trades at $5.29, 5.8% above the near-term max pain of $5 expiring Sep 19, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$80), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Ranpak Max Pain By Expiry
Max pain for PACK shows a downward trend from 80 to 2.5, indicating bearish sentiment or hedging activity. The 419% spread signals divergent expectations across timeframes. Most levels below 5.29 may cap rallies. Strong magnetic level at 3 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 5 | -0.29 (-5.39%) |
| Oct 17, 2025 | 2.5 | -2.79 (-52.70%) |
| Nov 21, 2025 | 2.5 | -2.79 (-52.70%) |
| Jan 16, 2026 | 80 | 74.72 (1413.72%) |
| Feb 20, 2026 | 2.5 | -2.79 (-52.70%) |