Novartis AG (NVS)
Novartis Max Pain By Strike
NVS trades at $124.19, 3.5% above the near-term max pain of $120 expiring Sep 19, 2025 (34 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($95-$155), signaling increased put positioning or downside protection. Key magnetic zone at 120 where 3 expirations converge.
Novartis Max Pain By Expiry
Max pain for NVS shows a downward trend from 155 to 95, indicating bearish sentiment or hedging activity. The 50% spread signals divergent expectations across timeframes. Most levels below 124.19 may cap rallies. Strong magnetic level at 120 (3 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 |
|---|---|---|
| Sep 19, 2025 | 120 | -4.19 (-3.37%) |
| Oct 17, 2025 | 120 | -4.19 (-3.37%) |
| Dec 19, 2025 | 95 | -29.19 (-23.50%) |
| Jan 16, 2026 | 110 | -14.19 (-11.43%) |
| Apr 17, 2026 | 155 | 30.81 (24.81%) |
| Jan 15, 2027 | 120 | -4.19 (-3.37%) |