Ovintiv Inc. (OVV)
Ovintiv Max Pain By Strike
OVV trades at $42.88, 7.2% above the near-term max pain of $40 expiring Sep 19, 2025 (8 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($35-$50), indicating stable market expectations. Key magnetic zone at 40 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Ovintiv Max Pain By Expiry
Max pain for OVV shows stable levels around 41.50, reflecting balanced market expectations. The 36% spread signals divergent expectations across timeframes. Levels distributed around 42.88. Strong magnetic level at 40 (3 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 | -2.88 (-6.72%) |
| Oct 17, 2025 | 40 | -2.88 (-6.72%) |
| Nov 21, 2025 | 44 | 1.12 (2.61%) |
| Jan 16, 2026 | 50 | 7.12 (16.60%) |
| Apr 17, 2026 | 40 | -2.88 (-6.72%) |
| Jan 15, 2027 | 35 | -7.88 (-18.38%) |