Northwest Natural Holding (NWN)
Northwest Natural Max Pain By Strike
NWN trades at $41.84, 4.6% above the near-term max pain of $40 expiring Sep 19, 2025 (13 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 4 expirations converge.
Northwest Natural Max Pain By Expiry
Max pain for NWN shows a downward trend from 97.5 to 40, indicating bearish sentiment or hedging activity. The 112% spread signals divergent expectations across timeframes. Most levels below 41.84 may cap rallies. Strong magnetic level at 40 (4 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 | 40 | -1.84 (-4.40%) |
| Oct 17, 2025 | 40 | -1.84 (-4.40%) |
| Dec 19, 2025 | 40 | -1.84 (-4.40%) |
| Jan 16, 2026 | 97.5 | 55.66 (133.04%) |
| Mar 20, 2026 | 40 | -1.84 (-4.40%) |