(PIZ)
Max Pain By Strike
PIZ trades at $46.33, 49.5% above the near-term max pain of $31 expiring Sep 19, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($31-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for PIZ shows a downward trend from 95 to 31, indicating bearish sentiment or hedging activity. The 129% spread signals divergent expectations across timeframes. Most levels below 46.33 may cap rallies. 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 | 31 | -15.33 (-33.08%) |
| Oct 17, 2025 | 43 | -3.33 (-7.18%) |
| Dec 19, 2025 | 37 | -9.33 (-20.13%) |
| Jan 16, 2026 | 95 | 48.67 (105.07%) |
| Mar 20, 2026 | 42 | -4.33 (-9.34%) |