Commerce Bancshares Inc. (CBSH)
Commerce Bancshares Max Pain By Strike
CBSH trades at $61.91, 76.9% above the near-term max pain of $35 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($32-$55), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Commerce Bancshares Max Pain By Expiry
Max pain for CBSH shows a downward trend from 55 to 32, indicating bearish sentiment or hedging activity. The 54% spread signals divergent expectations across timeframes. Most levels below 61.91 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 35 | -26.91 (-43.47%) |
| Oct 17, 2025 | 35 | -26.91 (-43.47%) |
| Nov 21, 2025 | 55 | -6.91 (-11.16%) |
| Jan 16, 2026 | 32 | -29.91 (-48.31%) |
| Feb 20, 2026 | 55 | -6.91 (-11.16%) |