Cleveland-Cliffs Inc. (CLF)

CLF trades at $12.75, 6.3% above the near-term max pain of $12 expiring Oct 10, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($5-$12), reflecting growing call interest at higher strikes. Key magnetic zone at 10 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CLF shows an upward trend from 5 to 12, suggesting bullish positioning in longer-dated options. The 69% spread signals divergent expectations across timeframes. Most levels below 12.75 may cap rallies. Strong magnetic level at 10 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.