Franco-Nevada Corporation (FNV)

FNV trades at $220.18, 25.8% above the near-term max pain of $175 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($150-$190), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FNV shows a downward trend from 190 to 150, indicating bearish sentiment or hedging activity. The 24% spread signals divergent expectations across timeframes. Most levels below 220.18 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.