NGL Energy Partners LP (NGL)
NGL Energy Partners LP Max Pain By Strike
NGL trades at $4.95, pinned near the near-term max pain of $5 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($1-$95), signaling increased put positioning or downside protection. Key magnetic zone at 4 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
NGL Energy Partners LP Max Pain By Expiry
Max pain for NGL shows a downward trend from 95 to 1, indicating bearish sentiment or hedging activity. The 508% spread signals divergent expectations across timeframes. Levels distributed around 4.95. 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 | 5 | 0.05 (1.01%) |
| Sep 19, 2025 | 4 | -0.95 (-19.19%) |
| Oct 17, 2025 | 4 | -0.95 (-19.19%) |
| Jan 16, 2026 | 2 | -2.95 (-59.60%) |
| Apr 17, 2026 | 1 | -3.95 (-79.80%) |
| Jun 18, 2026 | 95 | 90.05 (1819.19%) |