Incyte Corporation (INCY)

INCY trades at $86.54, 23.6% above the near-term max pain of $70 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($55-$75), signaling increased put positioning or downside protection. Key magnetic zone at 70 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for INCY shows a downward trend from 75 to 55, indicating bearish sentiment or hedging activity. The 29% spread signals divergent expectations across timeframes. Most levels below 86.54 may cap rallies. Strong magnetic level at 70 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.