Celanese Corporation (CE)
Celanese Max Pain By Strike
CE trades at $42.72, 5.1% below the near-term max pain of $45 expiring Aug 15, 2025 (0 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($45-$55), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Celanese Max Pain By Expiry
Max pain for CE shows a downward trend from 55 to 45, indicating bearish sentiment or hedging activity. The 20% spread signals divergent expectations across timeframes. Most levels above 42.72 could support dips. Strong magnetic level at 45 (3 expirations). 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 |
---|---|---|
Aug 15, 2025 | 45 | 2.28 (5.35%) |
Sep 19, 2025 | 45 | 2.28 (5.35%) |
Oct 17, 2025 | 55 | 12.28 (28.76%) |
Dec 19, 2025 | 55 | 12.28 (28.76%) |
Jan 16, 2026 | 50 | 7.28 (17.05%) |
Mar 20, 2026 | 45 | 2.28 (5.35%) |