National Grid (NGG)
National Grid Max Pain By Strike
NGG trades at $70.11, 7.9% above the near-term max pain of $65 expiring Sep 19, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($7-$990), reflecting growing call interest at higher strikes. Key magnetic zone at 70 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
National Grid Max Pain By Expiry
Max pain for NGG shows an upward trend from 7 to 990, suggesting bullish positioning in longer-dated options. The 511% spread signals divergent expectations across timeframes. Most levels below 70.11 may cap rallies. Strong magnetic level at 70 (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 |
|---|---|---|
| Sep 19, 2025 | 65 | -5.11 (-7.28%) |
| Oct 17, 2025 | 70 | -0.11 (-0.15%) |
| Dec 19, 2025 | 75 | 4.89 (6.98%) |
| Jan 16, 2026 | 7 | -63.11 (-90.01%) |
| Feb 20, 2026 | 70 | -0.11 (-0.15%) |
| Mar 20, 2026 | 70 | -0.11 (-0.15%) |
| Dec 18, 2026 | 990 | 919.89 (1312.17%) |