Broadstone Net Lease Inc. (BNL)

BNL trades at $16.7, 11.3% above the near-term max pain of $15 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$17.5), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for BNL shows a downward trend from 17.5 to 2.5, indicating bearish sentiment or hedging activity. The 115% spread signals divergent expectations across timeframes. Most levels below 16.7 may cap rallies. Strong magnetic level at 15 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.