Enovix Corporation (ENVX)

ENVX trades at $12.03, 20.3% above the near-term max pain of $10 expiring Oct 3, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($6-$14), reflecting growing call interest at higher strikes. Key magnetic zone at 10 where 8 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ENVX shows an upward trend from 6 to 14, suggesting bullish positioning in longer-dated options. The 84% spread signals divergent expectations across timeframes. Most levels below 12.03 may cap rallies. Strong magnetic level at 10 (8 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.