Pembina Pipeline Corporat... (PBA)

PBA trades at $37.52, 7.2% above the near-term max pain of $35 expiring Sep 19, 2025 (21 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7.5-$70), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PBA shows a downward trend from 70 to 7.5, indicating bearish sentiment or hedging activity. The 172% spread signals divergent expectations across timeframes. Most levels below 37.52 may cap rallies. Strong magnetic level at 35 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.