Koninklijke Philips N.V. (PHG)

PHG trades at $28, 12.0% above the near-term max pain of $25 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$40), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PHG shows a downward trend from 40 to 25, indicating bearish sentiment or hedging activity. The 50% spread signals divergent expectations across timeframes. Levels distributed around 28. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.