Patterson-UTI Energy Inc. (PTEN)
Patterson-UTI Energy Max Pain By Strike
PTEN trades at $5.29, 24.4% below the near-term max pain of $7 expiring Sep 19, 2025 (30 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($6-$8), signaling increased put positioning or downside protection. Key magnetic zone at 7 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Patterson-UTI Energy Max Pain By Expiry
Max pain for PTEN shows a downward trend from 8 to 6, indicating bearish sentiment or hedging activity. The 29% spread signals divergent expectations across timeframes. Most levels above 5.29 could support dips. Strong magnetic level at 7 (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 | 7 | 1.71 (32.33%) |
| Oct 17, 2025 | 6 | 0.71 (13.42%) |
| Nov 21, 2025 | 7 | 1.71 (32.33%) |
| Jan 16, 2026 | 8 | 2.71 (51.23%) |
| Feb 20, 2026 | 6 | 0.71 (13.42%) |
| Jan 15, 2027 | 7 | 1.71 (32.33%) |