Novartis AG (NVS)

NVS trades at $124.14, 3.5% above the near-term max pain of $120 expiring Oct 17, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($90-$130), signaling increased put positioning or downside protection. Key magnetic zone at 120 where 3 expirations converge.

Max pain for NVS shows a downward trend from 130 to 90, indicating bearish sentiment or hedging activity. The 36% spread signals divergent expectations across timeframes. Most levels below 124.14 may cap rallies. Strong magnetic level at 120 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.