Newell Brands Inc. (NWL)

NWL trades at $5.39, 7.8% above the near-term max pain of $5 expiring Oct 17, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($3-$990), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NWL shows a downward trend from 990 to 3, indicating bearish sentiment or hedging activity. The 770% spread signals divergent expectations across timeframes. Levels distributed around 5.39. Strong magnetic level at 5 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.