Northwest Natural Holding (NWN)

NWN trades at $40.41, pinned near the near-term max pain of $40 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($22.5-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 4 expirations converge.

Max pain for NWN shows a downward trend from 97.5 to 22.5, indicating bearish sentiment or hedging activity. The 161% spread signals divergent expectations across timeframes. Most levels below 40.41 may cap rallies. Strong magnetic level at 40 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.