Cleveland-Cliffs Inc. (CLF)

CLF trades at $12.38, 12.5% above the near-term max pain of $11 expiring Oct 3, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$12), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CLF shows a downward trend from 12 to 7, indicating bearish sentiment or hedging activity. The 49% spread signals divergent expectations across timeframes. Most levels below 12.38 may cap rallies. Strong magnetic level at 10 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.