Patterson-UTI Energy Inc. (PTEN)

PTEN trades at $5.56, 7.3% below the near-term max pain of $6 expiring Oct 17, 2025 (12 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is rising across expirations ($5-$8), reflecting growing call interest at higher strikes. Key magnetic zone at 6 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PTEN shows an upward trend from 5 to 8, suggesting bullish positioning in longer-dated options. The 50% spread signals divergent expectations across timeframes. Levels distributed around 5.56. Strong magnetic level at 6 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.