Clearwater Paper Corporat... (CLW)
Clearwater Paper Max Pain By Strike
CLW trades at $21.38, 14.5% below the near-term max pain of $25 expiring Sep 19, 2025 (6 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is rising across expirations ($8-$25), reflecting growing call interest at higher strikes. Key magnetic zone at 23 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 25, suggesting bullish positioning in longer-dated options. The 85% spread signals divergent expectations across timeframes. Levels distributed around 21.38. Strong magnetic level at 23 (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 |
|---|---|---|
| Sep 19, 2025 | 25 | 3.62 (16.93%) |
| Oct 17, 2025 | 22.5 | 1.12 (5.24%) |
| Dec 19, 2025 | 22.5 | 1.12 (5.24%) |
| Jan 16, 2026 | 22.5 | 1.12 (5.24%) |
| Apr 17, 2026 | 20 | -1.38 (-6.45%) |
| Dec 18, 2026 | 8 | -13.38 (-62.58%) |