ONE Gas Inc. (OGS)

OGS trades at $79.75, 6.3% above the near-term max pain of $75 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($75-$80), reflecting growing call interest at higher strikes. Key magnetic zone at 75 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for OGS shows an upward trend from 75 to 80, suggesting bullish positioning in longer-dated options. The 7% spread suggests strong consensus on fair value. Most levels below 79.75 may cap rallies. Strong magnetic level at 75 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.