Novartis AG (NVS)

NVS trades at $128.65, 7.2% above the near-term max pain of $120 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($95-$130), signaling increased put positioning or downside protection. Key magnetic zone at 120 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NVS shows a downward trend from 130 to 95, indicating bearish sentiment or hedging activity. The 30% spread signals divergent expectations across timeframes. Most levels below 128.65 may cap rallies. Strong magnetic level at 120 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.