Valley National Bancorp (VLY)

VLY trades at $10.06, 11.8% above the near-term max pain of $9 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2-$9), signaling increased put positioning or downside protection. Key magnetic zone at 9 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VLY shows a downward trend from 9 to 2, indicating bearish sentiment or hedging activity. The 96% spread signals divergent expectations across timeframes. Most levels below 10.06 may cap rallies. Strong magnetic level at 9 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.