Highwoods Properties Inc. (HIW)

HIW trades at $32.24, 114.9% above the near-term max pain of $15 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$30), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HIW shows a downward trend from 30 to 7, indicating bearish sentiment or hedging activity. The 122% spread signals divergent expectations across timeframes. Most levels below 32.24 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.