Delta Air Lines Inc. (DAL)

DAL trades at $61.19, 5.5% above the near-term max pain of $58 expiring Sep 12, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($47-$62), signaling increased put positioning or downside protection. Key magnetic zone at 60 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for DAL shows a downward trend from 62 to 47, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels below 61.19 may cap rallies. Strong magnetic level at 60 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.