Calumet Inc. (CLMT)
Calumet Max Pain By Strike
CLMT trades at $13.75, pinned near the near-term max pain of $14 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($13-$18), signaling increased put positioning or downside protection. Key magnetic zone at 13 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Calumet Max Pain By Expiry
Max pain for CLMT shows a downward trend from 18 to 13, indicating bearish sentiment or hedging activity. The 33% spread signals divergent expectations across timeframes. Most levels above 13.75 could support dips. 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 | 14 | 0.25 (1.82%) |
| Sep 19, 2025 | 16 | 2.25 (16.36%) |
| Oct 17, 2025 | 13 | -0.75 (-5.45%) |
| Nov 21, 2025 | 17 | 3.25 (23.64%) |
| Jan 16, 2026 | 15 | 1.25 (9.09%) |
| Feb 20, 2026 | 18 | 4.25 (30.91%) |
| Jan 15, 2027 | 13 | -0.75 (-5.45%) |
| Dec 17, 2027 | 17 | 3.25 (23.64%) |