(CWI)
Max Pain By Strike
CWI trades at $33.85, 16.7% above the near-term max pain of $29 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($23-$30), 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 CWI shows a downward trend from 30 to 23, indicating bearish sentiment or hedging activity. The 25% spread signals divergent expectations across timeframes. Most levels below 33.85 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 | 29 | -4.85 (-14.34%) |
| Oct 17, 2025 | 30 | -3.85 (-11.39%) |
| Nov 21, 2025 | 23 | -10.85 (-32.06%) |
| Feb 20, 2026 | 28 | -5.85 (-17.29%) |