Novavax Inc. (NVAX)
Novavax Max Pain By Strike
NVAX trades at $9.7, 21.2% above the near-term max pain of $8 expiring Aug 22, 2025 (3 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$10), signaling increased put positioning or downside protection. Key magnetic zone at 8 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Novavax Max Pain By Expiry
Max pain for NVAX shows a downward trend from 10 to 5, indicating bearish sentiment or hedging activity. The 62% spread signals divergent expectations across timeframes. Most levels below 9.7 may cap rallies. Strong magnetic level at 8 (5 expirations). 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 |
|---|---|---|
| Aug 22, 2025 | 8 | -1.70 (-17.53%) |
| Aug 29, 2025 | 8 | -1.70 (-17.53%) |
| Sep 5, 2025 | 8 | -1.70 (-17.53%) |
| Sep 12, 2025 | 8.5 | -1.20 (-12.37%) |
| Sep 19, 2025 | 8 | -1.70 (-17.53%) |
| Sep 26, 2025 | 8 | -1.70 (-17.53%) |
| Oct 17, 2025 | 7 | -2.70 (-27.84%) |
| Jan 16, 2026 | 9 | -0.70 (-7.22%) |
| Apr 17, 2026 | 9 | -0.70 (-7.22%) |
| Jan 15, 2027 | 10 | 0.30 (3.09%) |
| Dec 17, 2027 | 5 | -4.70 (-48.45%) |