PHX Minerals Inc. (PHX)
PHX Minerals Max Pain By Strike
PHX trades at $4.35, 13.0% below the near-term max pain of $5 expiring Nov 21, 2025 (91 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$5), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
PHX Minerals Max Pain By Expiry
Max pain for PHX shows a downward trend from 5 to 2.5, indicating bearish sentiment or hedging activity. The 60% spread signals divergent expectations across timeframes. Levels distributed around 4.35. 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 |
|---|---|---|
| Nov 21, 2025 | 5 | 0.65 (14.94%) |
| Jan 16, 2026 | 5 | 0.65 (14.94%) |
| Feb 20, 2026 | 2.5 | -1.85 (-42.53%) |