CrossAmerica Partners LP (CAPL)

CAPL trades at $20.45, 2.2% above the near-term max pain of $20 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($20-$30), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CAPL shows a downward trend from 30 to 20, indicating bearish sentiment or hedging activity. The 42% spread signals divergent expectations across timeframes. Most levels above 20.45 could support dips. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.