Calumet Inc. (CLMT)

CLMT trades at $18.59, 32.8% above the near-term max pain of $14 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($14-$25), indicating stable market expectations. Key magnetic zone at 15 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CLMT shows stable levels around 16.50, reflecting balanced market expectations. The 67% spread signals divergent expectations across timeframes. Most levels below 18.59 may cap rallies. Strong magnetic level at 15 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.