(CSM)
Max Pain By Strike
CSM trades at $75.78, 43.0% above the near-term max pain of $53 expiring Sep 19, 2025 (8 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($53-$80), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for CSM shows a downward trend from 80 to 53, indicating bearish sentiment or hedging activity. The 42% spread signals divergent expectations across timeframes. Most levels below 75.78 may cap rallies. 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 | 53 | -22.78 (-30.06%) |
| Oct 17, 2025 | 68 | -7.78 (-10.27%) |
| Dec 19, 2025 | 56 | -19.78 (-26.10%) |
| Jan 16, 2026 | 80 | 4.22 (5.57%) |
| Mar 20, 2026 | 66 | -9.78 (-12.91%) |