Caledonia Mining Corporat... (CMCL)

CMCL trades at $37.48, 7.1% above the near-term max pain of $35 expiring Oct 17, 2025 (10 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$85), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CMCL shows a downward trend from 85 to 7, indicating bearish sentiment or hedging activity. The 270% spread signals divergent expectations across timeframes. Most levels below 37.48 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.