(CWEB)
Max Pain By Strike
CWEB trades at $46.5, 10.7% above the near-term max pain of $42 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($34-$95), signaling increased put positioning or downside protection. Key magnetic zone at 41 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for CWEB shows a downward trend from 95 to 34, indicating bearish sentiment or hedging activity. The 121% spread signals divergent expectations across timeframes. Most levels below 46.5 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 | 42 | -4.50 (-9.68%) |
| Oct 17, 2025 | 41 | -5.50 (-11.83%) |
| Jan 16, 2026 | 41 | -5.50 (-11.83%) |
| Apr 17, 2026 | 34 | -12.50 (-26.88%) |
| Dec 18, 2026 | 95 | 48.50 (104.30%) |