NovaGold Resources Inc. (NG)

NG trades at $9.99, 24.9% above the near-term max pain of $8 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($4-$50), signaling increased put positioning or downside protection. Key magnetic zone at 4 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NG shows a downward trend from 50 to 4, indicating bearish sentiment or hedging activity. The 311% spread signals divergent expectations across timeframes. Most levels below 9.99 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.