Nordstrom Inc. (JWN)

JWN trades at $24.66, 37.0% above the near-term max pain of $18 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$18), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for JWN shows a downward trend from 18 to 2.5, indicating bearish sentiment or hedging activity. The 139% spread signals divergent expectations across timeframes. Most levels below 24.66 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.