(COPX)

COPX trades at $47.25, 7.4% above the near-term max pain of $44 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($30-$55), indicating stable market expectations. Key magnetic zone at 44 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for COPX shows stable levels around 41.57, reflecting balanced market expectations. The 60% spread signals divergent expectations across timeframes. Most levels below 47.25 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.