Macy's Inc. (M)

M trades at $18, 2.9% above the near-term max pain of $17.5 expiring Oct 3, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($5-$19), reflecting growing call interest at higher strikes. Key magnetic zone at 15 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for M shows an upward trend from 5 to 19, suggesting bullish positioning in longer-dated options. The 92% spread signals divergent expectations across timeframes. Most levels below 18 may cap rallies. Strong magnetic level at 15 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.