NiSource Inc. (NI)

NI trades at $42.55, 6.4% above the near-term max pain of $40 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($22.5-$40), reflecting growing call interest at higher strikes. Key magnetic zone at 40 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NI shows an upward trend from 22.5 to 40, suggesting bullish positioning in longer-dated options. The 47% spread signals divergent expectations across timeframes. Most levels below 42.55 may cap rallies. Strong magnetic level at 40 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.