Annaly Capital Management... (NLY)

NLY trades at $20.75, pinned near the near-term max pain of $21 expiring Oct 10, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($13-$21), reflecting growing call interest at higher strikes. Key magnetic zone at 21 where 8 expirations converge.

Max pain for NLY shows an upward trend from 13 to 21, suggesting bullish positioning in longer-dated options. The 40% spread signals divergent expectations across timeframes. Levels distributed around 20.75. Strong magnetic level at 21 (8 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.