Newell Brands Inc. (NWL)
Newell Brands Max Pain By Strike
NWL trades at $5.87, 2.2% below the near-term max pain of $6 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($1-$990), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Newell Brands Max Pain By Expiry
Max pain for NWL shows a downward trend from 990 to 1, indicating bearish sentiment or hedging activity. The 679% spread signals divergent expectations across timeframes. Levels distributed around 5.87. 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 |
|---|---|---|
| Sep 19, 2025 | 6 | 0.13 (2.21%) |
| Oct 17, 2025 | 1 | -4.87 (-82.96%) |
| Dec 19, 2025 | 7 | 1.13 (19.25%) |
| Jan 16, 2026 | 6 | 0.13 (2.21%) |
| Mar 20, 2026 | 5 | -0.87 (-14.82%) |
| Dec 18, 2026 | 990 | 984.13 (16765.42%) |
| Jan 15, 2027 | 5 | -0.87 (-14.82%) |