Penguin Solutions Inc. (PENG)

PENG trades at $24.7, 23.5% above the near-term max pain of $20 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$20), 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 PENG shows a downward trend from 20 to 12.5, indicating bearish sentiment or hedging activity. The 44% spread signals divergent expectations across timeframes. Most levels below 24.7 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.