Nabors Industries Ltd. (NBR)

NBR trades at $41.68, 19.1% above the near-term max pain of $35 expiring Oct 17, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($35-$45), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NBR shows a downward trend from 45 to 35, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels below 41.68 may cap rallies. Strong magnetic level at 35 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.