Commerce Bancshares Inc. (CBSH)

CBSH trades at $59.17, 7.6% above the near-term max pain of $55 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($32-$60), signaling increased put positioning or downside protection. Key magnetic zone at 55 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CBSH shows a downward trend from 60 to 32, indicating bearish sentiment or hedging activity. The 54% spread signals divergent expectations across timeframes. Most levels below 59.17 may cap rallies. Strong magnetic level at 55 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.