Novavax Inc. (NVAX)

NVAX trades at $9.45, 18.1% above the near-term max pain of $8 expiring Oct 10, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$10), signaling increased put positioning or downside protection. Key magnetic zone at 8 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NVAX shows a downward trend from 10 to 5, indicating bearish sentiment or hedging activity. The 63% spread signals divergent expectations across timeframes. Most levels below 9.45 may cap rallies. Strong magnetic level at 8 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.