Ovintiv Inc. (OVV)
Ovintiv Max Pain By Strike
OVV trades at $39.01, 2.5% below the near-term max pain of $40 expiring Sep 19, 2025 (29 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($37-$50), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge.
Ovintiv Max Pain By Expiry
Max pain for OVV shows a downward trend from 50 to 37, indicating bearish sentiment or hedging activity. The 31% spread signals divergent expectations across timeframes. Levels distributed around 39.01. 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 | 40 | 0.99 (2.54%) |
| Oct 17, 2025 | 38 | -1.01 (-2.59%) |
| Nov 21, 2025 | 45 | 5.99 (15.36%) |
| Jan 16, 2026 | 50 | 10.99 (28.17%) |
| Apr 17, 2026 | 40 | 0.99 (2.54%) |
| Jan 15, 2027 | 37 | -2.01 (-5.15%) |