(PTF)
Max Pain By Strike
PTF trades at $67.51, pinned near the near-term max pain of $68 expiring Sep 19, 2025 (26 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$90), 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 PTF shows a downward trend from 90 to 40, indicating bearish sentiment or hedging activity. The 79% spread signals divergent expectations across timeframes. Levels distributed around 67.51. 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 | 68 | 0.49 (0.73%) |
| Oct 17, 2025 | 62 | -5.51 (-8.16%) |
| Dec 19, 2025 | 58 | -9.51 (-14.08%) |
| Jan 16, 2026 | 90 | 22.49 (33.32%) |
| Mar 20, 2026 | 40 | -27.51 (-40.75%) |