CMS Energy Corporation (CMS)
CMS Energy Max Pain By Strike
CMS trades at $70.72, pinned near the near-term max pain of $70 expiring Sep 19, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($65-$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 65, indicating bearish sentiment or hedging activity. The 44% spread signals divergent expectations across timeframes. Most levels below 70.72 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 |
|---|---|---|
| Sep 19, 2025 | 70 | -0.72 (-1.02%) |
| Oct 17, 2025 | 65 | -5.72 (-8.09%) |
| Dec 19, 2025 | 70 | -0.72 (-1.02%) |
| Jan 16, 2026 | 97.5 | 26.78 (37.87%) |
| Mar 20, 2026 | 70 | -0.72 (-1.02%) |