Clearwater Paper Corporat... (CLW)

CLW trades at $20.38, 9.4% below the near-term max pain of $22.5 expiring Oct 17, 2025 (12 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is rising across expirations ($8-$25), reflecting growing call interest at higher strikes. Key magnetic zone at 23 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CLW shows an upward trend from 8 to 25, suggesting bullish positioning in longer-dated options. The 85% spread signals divergent expectations across timeframes. Levels distributed around 20.38. Strong magnetic level at 23 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.