PENN Entertainment Inc. (PENN)

PENN trades at $18.67, 9.8% above the near-term max pain of $17 expiring Aug 22, 2025 (3 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($10-$20), indicating stable market expectations. Key magnetic zone at 18 where 7 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PENN shows stable levels around 17.00, reflecting balanced market expectations. The 59% spread signals divergent expectations across timeframes. Most levels below 18.67 may cap rallies. Strong magnetic level at 18 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.