Northwest Natural Holding (NWN)

NWN trades at $44.68, 11.7% above the near-term max pain of $40 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22.5-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NWN shows a downward trend from 97.5 to 22.5, indicating bearish sentiment or hedging activity. The 153% spread signals divergent expectations across timeframes. Levels distributed around 44.68. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.