Cummins Inc. (CMI)
Cummins Max Pain By Strike
CMI trades at $400.04, 14.3% above the near-term max pain of $350 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($320-$400), indicating stable market expectations. Key magnetic zone at 330 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Cummins Max Pain By Expiry
Max pain for CMI shows stable levels around 346.67, reflecting balanced market expectations. The 23% spread signals divergent expectations across timeframes. Most levels below 400.04 may cap rallies. Strong magnetic level at 330 (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 | 350 | -50.04 (-12.51%) |
| Sep 19, 2025 | 340 | -60.04 (-15.01%) |
| Oct 17, 2025 | 380 | -20.04 (-5.01%) |
| Nov 21, 2025 | 400 | -0.04 (-0.01%) |
| Dec 19, 2025 | 340 | -60.04 (-15.01%) |
| Jan 16, 2026 | 330 | -70.04 (-17.51%) |
| Mar 20, 2026 | 330 | -70.04 (-17.51%) |
| Jun 18, 2026 | 330 | -70.04 (-17.51%) |
| Sep 18, 2026 | 320 | -80.04 (-20.01%) |