Nebius Group N.V. (NBIS)

NBIS trades at $127.98, 21.9% above the near-term max pain of $105 expiring Oct 10, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$120), signaling increased put positioning or downside protection. Key magnetic zone at 65 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NBIS shows a downward trend from 120 to 40, indicating bearish sentiment or hedging activity. The 103% spread signals divergent expectations across timeframes. Most levels below 127.98 may cap rallies. Strong magnetic level at 65 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.