NGL Energy Partners LP (NGL)
NGL Energy Partners LP Max Pain By Strike
NGL trades at $4.9, 390.0% above the near-term max pain of $1 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($1-$95), signaling increased put positioning or downside protection. Key magnetic zone at 1 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
NGL Energy Partners LP Max Pain By Expiry
Max pain for NGL shows a downward trend from 95 to 1, indicating bearish sentiment or hedging activity. The 456% spread signals divergent expectations across timeframes. Most levels below 4.9 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 1 | -3.90 (-79.59%) |
| Oct 17, 2025 | 4 | -0.90 (-18.37%) |
| Jan 16, 2026 | 2 | -2.90 (-59.18%) |
| Apr 17, 2026 | 1 | -3.90 (-79.59%) |
| Jun 18, 2026 | 95 | 90.10 (1838.78%) |