Nektar Therapeutics (NKTR)

NKTR trades at $60.55, 21.1% above the near-term max pain of $50 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($8-$50), signaling increased put positioning or downside protection. Key magnetic zone at 50 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NKTR shows a downward trend from 50 to 8, indicating bearish sentiment or hedging activity. The 110% spread signals divergent expectations across timeframes. Most levels below 60.55 may cap rallies. Strong magnetic level at 50 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.