Forward Air Corporation (FWRD)

FWRD trades at $30.14, 20.6% above the near-term max pain of $25 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$25), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FWRD shows a downward trend from 25 to 12.5, indicating bearish sentiment or hedging activity. The 59% spread signals divergent expectations across timeframes. Most levels below 30.14 may cap rallies. Strong magnetic level at 23 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.