NatWest Group (NWG)
NatWest Max Pain By Strike
NWG trades at $14.84, pinned near the near-term max pain of $15 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 13 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
NatWest Max Pain By Expiry
Max pain for NWG shows a downward trend from 97.5 to 2.5, indicating bearish sentiment or hedging activity. The 368% spread signals divergent expectations across timeframes. Levels distributed around 14.84. 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 | 15 | 0.16 (1.08%) |
| Sep 19, 2025 | 12.5 | -2.34 (-15.77%) |
| Oct 17, 2025 | 2.5 | -12.34 (-83.15%) |
| Nov 21, 2025 | 12.5 | -2.34 (-15.77%) |
| Jan 16, 2026 | 97.5 | 82.66 (557.01%) |
| Feb 20, 2026 | 15 | 0.16 (1.08%) |