(CDL)

CDL trades at $68.42, 10.4% above the near-term max pain of $62 expiring Sep 19, 2025 (10 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($55-$63), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CDL shows a downward trend from 63 to 55, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 68.42 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.