Hess Corporation (HES)

HES trades at $148.97, 129.2% above the near-term max pain of $65 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($65-$6284.9), signaling increased put positioning or downside protection. Key magnetic zone at 65 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HES shows a downward trend from 6284.9 to 65, indicating bearish sentiment or hedging activity. The 892% spread signals divergent expectations across timeframes. Most levels below 148.97 may cap rallies. Strong magnetic level at 65 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.