Within the depth-psychology corpus, Penelope occupies a position of singular density: she is at once the most psychologically complex figure in the Odyssey and the archetype against which female fidelity, cunning, and interiority are measured across the Hellenic tradition. The scholarship converges on several tensions that resist easy resolution. First, there is the question of her aretê: Sullivan demonstrates that Penelope redefines excellence away from beauty-in-marriage toward wisdom-under-absence, enacting a virtue that is constituted precisely by the husband’s disappearance. Second, Nagy locates her within the kleos economy, where her fidelity generates an immortalizing song that mirrors, and implicitly elevates, Odysseus’s own heroic reputation. Third, Cairns reads her aidos as simultaneously social obligation and personal conviction—a rare internal endorsement of a norm that most characters merely perform. Against these affirmative readings, Homer’s introductory apparatus forces us to attend to the fundamental ambiguity: Penelope’s ‘mind moves somewhere else,’ and the text never fully resolves whether her delay is loyal devotion, strategic self-interest, or genuine uncertainty about her own desires. Her weaving and unweaving thus becomes not merely a delaying tactic but an image of psychic suspension—an identity held together through incompletion. The Clytemnestra parallel, the bed-test, the bow contest, and the long recognition scene collectively stage the problem of interiority that depth-psychological readings will return to across centuries.