Noble Corporation (NE)
Noble Max Pain By Strike
NE trades at $27.35, pinned near the near-term max pain of $27.5 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($15-$27.5), signaling increased put positioning or downside protection. Key magnetic zone at 28 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Noble Max Pain By Expiry
Max pain for NE shows a downward trend from 27.5 to 15, indicating bearish sentiment or hedging activity. The 52% spread signals divergent expectations across timeframes. Levels distributed around 27.35. Strong magnetic level at 28 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 27.5 | 0.15 (0.55%) |
| Sep 19, 2025 | 22.5 | -4.85 (-17.73%) |
| Oct 17, 2025 | 15 | -12.35 (-45.16%) |
| Dec 19, 2025 | 27.5 | 0.15 (0.55%) |
| Jan 16, 2026 | 22.5 | -4.85 (-17.73%) |
| Mar 20, 2026 | 27.5 | 0.15 (0.55%) |
| Dec 18, 2026 | 25 | -2.35 (-8.59%) |
| Jan 15, 2027 | 25 | -2.35 (-8.59%) |