NexPoint Real Estate Fina... (NREF)
NexPoint Real Estate Finance Max Pain By Strike
NREF trades at $14.44, 3.7% below the near-term max pain of $15 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. 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 141% spread signals divergent expectations across timeframes. Most levels below 14.44 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 |
|---|---|---|
| Aug 15, 2025 | 15 | 0.56 (3.88%) |
| Sep 19, 2025 | 2.5 | -11.94 (-82.69%) |
| Oct 17, 2025 | 2.5 | -11.94 (-82.69%) |
| Nov 21, 2025 | 15 | 0.56 (3.88%) |
| Jan 16, 2026 | 7.5 | -6.94 (-48.06%) |
| Feb 20, 2026 | 12.5 | -1.94 (-13.43%) |
| Dec 18, 2026 | 7 | -7.44 (-51.52%) |