Commercial Metals (CMC)

CMC trades at $58.7, 2.1% above the near-term max pain of $57.5 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($52.5-$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.

Max pain for CMC shows a downward trend from 95 to 52.5, indicating bearish sentiment or hedging activity. The 67% spread signals divergent expectations across timeframes. Most levels below 58.7 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.