Northern Oil and Gas Inc. (NOG)

NOG trades at $23.79, 11.9% below the near-term max pain of $27 expiring Sep 19, 2025 (31 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($25-$38), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NOG shows a downward trend from 38 to 25, indicating bearish sentiment or hedging activity. The 45% spread signals divergent expectations across timeframes. Most levels above 23.79 could support dips. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.