Caledonia Mining Corporat... (CMCL)

CMCL trades at $22.91, 52.7% above the near-term max pain of $15 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$85), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CMCL shows a downward trend from 85 to 7, indicating bearish sentiment or hedging activity. The 321% spread signals divergent expectations across timeframes. Most levels below 22.91 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.