NBT Bancorp Inc. (NBTB)

NBTB trades at $42.51, 21.5% above the near-term max pain of $35 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22.5-$45), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NBTB shows a downward trend from 45 to 22.5, indicating bearish sentiment or hedging activity. The 62% spread signals divergent expectations across timeframes. Most levels below 42.51 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.