Onto Innovation Inc. (ONTO)

ONTO trades at $110.06, 10.1% above the near-term max pain of $100 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($55-$105), signaling increased put positioning or downside protection. Key magnetic zone at 100 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ONTO shows a downward trend from 105 to 55, indicating bearish sentiment or hedging activity. The 55% spread signals divergent expectations across timeframes. Most levels below 110.06 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.