NL Industries Inc. (NL)

NL trades at $6.04, 163.8% above the near-term max pain of $2.29 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.29-$7.5), 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 NL shows a downward trend from 7.5 to 2.29, indicating bearish sentiment or hedging activity. The 128% spread signals divergent expectations across timeframes. Most levels below 6.04 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.