CMS Energy Corporation (CMS)
CMS Energy Max Pain By Strike
CMS trades at $72.59, 3.7% above the near-term max pain of $70 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 70 where 3 expirations converge.
CMS Energy Max Pain By Expiry
Max pain for CMS shows a downward trend from 97.5 to 40, indicating bearish sentiment or hedging activity. The 84% spread signals divergent expectations across timeframes. Most levels below 72.59 may cap rallies. Strong magnetic level at 70 (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 | 70 | -2.59 (-3.57%) |
| Sep 19, 2025 | 70 | -2.59 (-3.57%) |
| Oct 17, 2025 | 40 | -32.59 (-44.90%) |
| Dec 19, 2025 | 70 | -2.59 (-3.57%) |
| Jan 16, 2026 | 97.5 | 24.91 (34.32%) |
| Mar 20, 2026 | 65 | -7.59 (-10.46%) |