Cummins Inc. (CMI)

CMI trades at $401.24, 18.0% above the near-term max pain of $340 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($320-$400), reflecting growing call interest at higher strikes. Key magnetic zone at 330 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CMI shows an upward trend from 320 to 400, suggesting bullish positioning in longer-dated options. The 23% spread signals divergent expectations across timeframes. Most levels below 401.24 may cap rallies. Strong magnetic level at 330 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.