Northwest Natural Holding (NWN)

NWN trades at $42.09, 5.2% above the near-term max pain of $40 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 4 expirations converge.

Max pain for NWN shows a downward trend from 97.5 to 40, indicating bearish sentiment or hedging activity. The 112% spread signals divergent expectations across timeframes. Most levels below 42.09 may cap rallies. Strong magnetic level at 40 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.