Topgolf Callaway Brands C... (MODG)

MODG trades at $9.47, 26.3% above the near-term max pain of $7.5 expiring Oct 17, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$10), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for MODG shows a downward trend from 10 to 5, indicating bearish sentiment or hedging activity. The 59% spread signals divergent expectations across timeframes. Levels distributed around 9.47. Strong magnetic level at 10 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.