Clearwater Paper Corporat... (CLW)
Clearwater Paper Max Pain By Strike
CLW trades at $21.55, 28.2% below the near-term max pain of $30 expiring Aug 15, 2025 (-1 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is rising across expirations ($8-$30), reflecting growing call interest at higher strikes. Key magnetic zone at 25 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Clearwater Paper Max Pain By Expiry
Max pain for CLW shows an upward trend from 8 to 30, suggesting bullish positioning in longer-dated options. The 104% spread signals divergent expectations across timeframes. Most levels above 21.55 could support dips. Strong magnetic level at 25 (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 | 30 | 8.45 (39.24%) |
| Sep 19, 2025 | 25 | 3.45 (16.04%) |
| Oct 17, 2025 | 25 | 3.45 (16.04%) |
| Dec 19, 2025 | 25 | 3.45 (16.04%) |
| Jan 16, 2026 | 22.5 | 0.95 (4.43%) |
| Apr 17, 2026 | 12.5 | -9.05 (-41.98%) |
| Dec 18, 2026 | 8 | -13.55 (-62.87%) |