Commercial Metals (CMC)
Commercial Metals Max Pain By Strike
CMC trades at $58.2, 16.4% above the near-term max pain of $50 expiring Sep 19, 2025 (14 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($50-$95), signaling increased put positioning or downside protection. Key magnetic zone at 55 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Commercial Metals Max Pain By Expiry
Max pain for CMC shows a downward trend from 95 to 50, indicating bearish sentiment or hedging activity. The 73% spread signals divergent expectations across timeframes. Levels distributed around 58.2. 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 | 50 | -8.20 (-14.09%) |
| Oct 17, 2025 | 60 | 1.80 (3.09%) |
| Nov 21, 2025 | 52.5 | -5.70 (-9.79%) |
| Dec 19, 2025 | 55 | -3.20 (-5.50%) |
| Jan 16, 2026 | 95 | 36.80 (63.23%) |
| Mar 20, 2026 | 55 | -3.20 (-5.50%) |