Steven Madden Ltd. (SHOO)

SHOO trades at $33.77, 12.6% above the near-term max pain of $30 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SHOO shows a downward trend from 97.5 to 25, indicating bearish sentiment or hedging activity. The 199% spread signals divergent expectations across timeframes. Most levels below 33.77 may cap rallies. Strong magnetic level at 30 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.