Phunware Inc. (PHUN)
Phunware Max Pain By Strike
PHUN trades at $2.73, 9.2% above the near-term max pain of $2.5 expiring Sep 19, 2025 (28 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$40), 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.
Phunware Max Pain By Expiry
Max pain for PHUN shows a downward trend from 40 to 2.5, indicating bearish sentiment or hedging activity. The 357% spread signals divergent expectations across timeframes. Levels distributed around 2.73. 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 | 2.5 | -0.23 (-8.42%) |
| Oct 17, 2025 | 2.5 | -0.23 (-8.42%) |
| Jan 16, 2026 | 2.5 | -0.23 (-8.42%) |
| Apr 17, 2026 | 5 | 2.27 (83.15%) |
| Jun 18, 2026 | 40 | 37.27 (1365.20%) |