Novavax Inc. (NVAX)
Novavax Max Pain By Strike
NVAX trades at $9.58, 59.7% above the near-term max pain of $6 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($1-$10), signaling increased put positioning or downside protection. Key magnetic zone at 8 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Novavax Max Pain By Expiry
Max pain for NVAX shows a downward trend from 10 to 1, indicating bearish sentiment or hedging activity. The 128% spread signals divergent expectations across timeframes. Most levels below 9.58 may cap rallies. Strong magnetic level at 8 (5 expirations). 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 | 6 | -3.58 (-37.37%) |
| Aug 22, 2025 | 7 | -2.58 (-26.93%) |
| Aug 29, 2025 | 8 | -1.58 (-16.49%) |
| Sep 5, 2025 | 8 | -1.58 (-16.49%) |
| Sep 12, 2025 | 8 | -1.58 (-16.49%) |
| Sep 19, 2025 | 8 | -1.58 (-16.49%) |
| Sep 26, 2025 | 7.5 | -2.08 (-21.71%) |
| Oct 17, 2025 | 7 | -2.58 (-26.93%) |
| Jan 16, 2026 | 9 | -0.58 (-6.05%) |
| Apr 17, 2026 | 1 | -8.58 (-89.56%) |
| Jan 15, 2027 | 10 | 0.42 (4.38%) |
| Dec 17, 2027 | 5 | -4.58 (-47.81%) |