Innoviva Inc. (INVA)

INVA trades at $18.86, 7.8% above the near-term max pain of $17.5 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$70), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for INVA shows a downward trend from 70 to 2.5, indicating bearish sentiment or hedging activity. The 265% spread signals divergent expectations across timeframes. Levels distributed around 18.86. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.