NexPoint Real Estate Fina... (NREF)
NexPoint Real Estate Finance Max Pain By Strike
NREF trades at $15.12, 504.8% above the near-term max pain of $2.5 expiring Sep 19, 2025 (7 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$15), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
NexPoint Real Estate Finance Max Pain By Expiry
Max pain for NREF shows a downward trend from 15 to 2.5, indicating bearish sentiment or hedging activity. The 160% spread signals divergent expectations across timeframes. Most levels below 15.12 may cap rallies. 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 | 2.5 | -12.62 (-83.46%) |
| Oct 17, 2025 | 2.5 | -12.62 (-83.46%) |
| Nov 21, 2025 | 15 | -0.12 (-0.76%) |
| Jan 16, 2026 | 7.5 | -7.62 (-50.38%) |
| Feb 20, 2026 | 12.5 | -2.62 (-17.30%) |
| Dec 18, 2026 | 7 | -8.12 (-53.69%) |