Crescent Capital BDC Inc. (CCAP)

CCAP trades at $14.23, 13.8% above the near-term max pain of $12.5 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CCAP shows a downward trend from 95 to 2.5, indicating bearish sentiment or hedging activity. The 330% spread signals divergent expectations across timeframes. Levels distributed around 14.23. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.