Southwest Gas Inc. (SWX)

SWX trades at $76.57, 9.4% above the near-term max pain of $70 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($35-$80), signaling increased put positioning or downside protection. Key magnetic zone at 70 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SWX shows a downward trend from 80 to 35, indicating bearish sentiment or hedging activity. The 71% spread signals divergent expectations across timeframes. Most levels below 76.57 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.