Enovix Corporation (ENVX)

ENVX trades at $11.92, 13.5% above the near-term max pain of $10.5 expiring Oct 10, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($3-$14), reflecting growing call interest at higher strikes. Key magnetic zone at 10 where 7 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ENVX shows an upward trend from 3 to 14, suggesting bullish positioning in longer-dated options. The 118% spread signals divergent expectations across timeframes. Most levels below 11.92 may cap rallies. Strong magnetic level at 10 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.