Macerich (MAC)

MAC trades at $17.89, 5.2% above the near-term max pain of $17 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($16-$95), signaling increased put positioning or downside protection. Key magnetic zone at 17 where 2 expirations converge.

Max pain for MAC shows a downward trend from 95 to 16, indicating bearish sentiment or hedging activity. The 242% spread signals divergent expectations across timeframes. Levels distributed around 17.89. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.