Newtek Business Services ... (NEWT)

NEWT trades at $12.06, 20.6% above the near-term max pain of $10 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$40), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NEWT shows a downward trend from 40 to 2.5, indicating bearish sentiment or hedging activity. The 257% spread signals divergent expectations across timeframes. Levels distributed around 12.06. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.