(CDL)
Max Pain By Strike
CDL trades at $68.92, 11.2% above the near-term max pain of $62 expiring Sep 19, 2025 (16 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($55-$63), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for CDL shows a downward trend from 63 to 55, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 68.92 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 | 62 | -6.92 (-10.05%) |
| Oct 17, 2025 | 55 | -13.92 (-20.20%) |
| Jan 16, 2026 | 61 | -7.92 (-11.50%) |
| Apr 17, 2026 | 63 | -5.92 (-8.60%) |