Wolverine World Wide Inc. (WWW)

WWW trades at $28.7, 43.5% above the near-term max pain of $20 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$25), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for WWW shows a downward trend from 25 to 15, indicating bearish sentiment or hedging activity. The 51% spread signals divergent expectations across timeframes. Most levels below 28.7 may cap rallies. Strong magnetic level at 20 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.