Natural Gas Services Grou... (NGS)

NGS trades at $25.1, 11.6% above the near-term max pain of $22.5 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22.5-$990), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NGS shows a downward trend from 990 to 22.5, indicating bearish sentiment or hedging activity. The 447% spread signals divergent expectations across timeframes. Most levels below 25.1 may cap rallies. Strong magnetic level at 23 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.