Carnival Corporation & (CCL)
Carnival & Max Pain By Strike
CCL trades at $29.96, 3.3% above the near-term max pain of $29 expiring Aug 22, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($20-$32), reflecting growing call interest at higher strikes. Key magnetic zone at 29 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Carnival & Max Pain By Expiry
Max pain for CCL shows an upward trend from 20 to 32, suggesting bullish positioning in longer-dated options. The 45% spread signals divergent expectations across timeframes. Most levels below 29.96 may cap rallies. Strong magnetic level at 29 (5 expirations). 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 |
|---|---|---|
| Aug 22, 2025 | 29 | -0.96 (-3.20%) |
| Aug 29, 2025 | 29 | -0.96 (-3.20%) |
| Sep 5, 2025 | 29 | -0.96 (-3.20%) |
| Sep 12, 2025 | 29 | -0.96 (-3.20%) |
| Sep 19, 2025 | 26 | -3.96 (-13.22%) |
| Sep 26, 2025 | 30 | 0.04 (0.13%) |
| Oct 17, 2025 | 29 | -0.96 (-3.20%) |
| Dec 19, 2025 | 23 | -6.96 (-23.23%) |
| Jan 16, 2026 | 22 | -7.96 (-26.57%) |
| Mar 20, 2026 | 27 | -2.96 (-9.88%) |
| Apr 17, 2026 | 32 | 2.04 (6.81%) |
| Jun 18, 2026 | 25 | -4.96 (-16.56%) |
| Sep 18, 2026 | 30 | 0.04 (0.13%) |
| Dec 18, 2026 | 20 | -9.96 (-33.24%) |
| Jan 15, 2027 | 22 | -7.96 (-26.57%) |