Plug Power Inc. (PLUG)
Plug Power Max Pain By Strike
PLUG trades at $1.52, pinned near the near-term max pain of $1.5 expiring Aug 22, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($1-$2), signaling increased put positioning or downside protection. Key magnetic zone at 2 where 10 expirations converge.
Plug Power Max Pain By Expiry
Max pain for PLUG shows a downward trend from 2 to 1, indicating bearish sentiment or hedging activity. The 65% spread signals divergent expectations across timeframes. Most levels below 1.52 may cap rallies. Strong magnetic level at 2 (10 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 |
|---|---|---|
| Aug 22, 2025 | 1.5 | -0.02 (-1.32%) |
| Aug 29, 2025 | 1.5 | -0.02 (-1.32%) |
| Sep 5, 2025 | 1.5 | -0.02 (-1.32%) |
| Sep 12, 2025 | 2 | 0.48 (31.58%) |
| Sep 19, 2025 | 2 | 0.48 (31.58%) |
| Sep 26, 2025 | 1.5 | -0.02 (-1.32%) |
| Oct 17, 2025 | 1 | -0.52 (-34.21%) |
| Dec 19, 2025 | 1.5 | -0.02 (-1.32%) |
| Jan 16, 2026 | 1.5 | -0.02 (-1.32%) |
| Mar 20, 2026 | 1.5 | -0.02 (-1.32%) |
| Jun 18, 2026 | 2 | 0.48 (31.58%) |
| Jan 15, 2027 | 1 | -0.52 (-34.21%) |