Macy's Inc. (M)
Macy's Max Pain By Strike
M trades at $12.65, 5.4% above the near-term max pain of $12 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$15), signaling increased put positioning or downside protection. Key magnetic zone at 12 where 7 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Macy's Max Pain By Expiry
Max pain for M shows a downward trend from 15 to 5, indicating bearish sentiment or hedging activity. The 84% spread signals divergent expectations across timeframes. Levels distributed around 12.65. Strong magnetic level at 12 (7 expirations). 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 |
|---|---|---|
| Aug 15, 2025 | 12 | -0.65 (-5.18%) |
| Aug 22, 2025 | 11 | -1.65 (-13.08%) |
| Aug 29, 2025 | 12 | -0.65 (-5.18%) |
| Sep 5, 2025 | 13 | 0.35 (2.73%) |
| Sep 12, 2025 | 12 | -0.65 (-5.18%) |
| Sep 19, 2025 | 13 | 0.35 (2.73%) |
| Sep 26, 2025 | 13 | 0.35 (2.73%) |
| Oct 17, 2025 | 5 | -7.65 (-60.49%) |
| Nov 21, 2025 | 13 | 0.35 (2.73%) |
| Jan 16, 2026 | 15 | 2.35 (18.53%) |
| Feb 20, 2026 | 13 | 0.35 (2.73%) |
| Mar 20, 2026 | 12 | -0.65 (-5.18%) |
| Jun 18, 2026 | 12 | -0.65 (-5.18%) |
| Sep 18, 2026 | 12 | -0.65 (-5.18%) |
| Dec 18, 2026 | 12 | -0.65 (-5.18%) |
| Jan 15, 2027 | 10 | -2.65 (-20.98%) |