Macerich (MAC)

MAC trades at $18.74, 17.1% above the near-term max pain of $16 expiring Sep 19, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$95), signaling increased put positioning or downside protection. Key magnetic zone at 16 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for MAC shows a downward trend from 95 to 15, indicating bearish sentiment or hedging activity. The 250% spread signals divergent expectations across timeframes. Most levels below 18.74 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.