Columbia Sportswear (COLM)

COLM trades at $53.3, 3.1% below the near-term max pain of $55 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($35-$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 COLM shows a downward trend from 95 to 35, indicating bearish sentiment or hedging activity. The 100% spread signals divergent expectations across timeframes. Most levels above 53.3 could support dips. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.