Canadian Imperial Bank of... (CM)

CM trades at $81.47, pinned near the near-term max pain of $80 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($57.5-$4800), signaling increased put positioning or downside protection. Key magnetic zone at 80 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CM shows a downward trend from 4800 to 57.5, indicating bearish sentiment or hedging activity. The 635% spread signals divergent expectations across timeframes. Most levels below 81.47 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.