National CineMedia Inc. (NCMI)

NCMI trades at $4.43, 77.2% above the near-term max pain of $2.5 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$7), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NCMI shows a downward trend from 7 to 2.5, indicating bearish sentiment or hedging activity. The 102% spread signals divergent expectations across timeframes. Levels distributed around 4.43. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.