Nevro Corp. (NVRO)

NVRO trades at $5.84, 2.7% below the near-term max pain of $6 expiring Nov 21, 2025 (46 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NVRO shows a downward trend from 95 to 2.5, indicating bearish sentiment or hedging activity. The 268% spread signals divergent expectations across timeframes. Levels distributed around 5.84. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.