Northern Oil and Gas Inc. (NOG)

NOG trades at $25.04, 3.7% below the near-term max pain of $26 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($20-$35), signaling increased put positioning or downside protection. Key magnetic zone at 28 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NOG shows a downward trend from 35 to 20, indicating bearish sentiment or hedging activity. The 56% spread signals divergent expectations across timeframes. Most levels above 25.04 could support dips. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.