(CWS)

CWS trades at $68.86, 7.6% above the near-term max pain of $64 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($57-$64), signaling increased put positioning or downside protection. Key magnetic zone at 64 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CWS shows a downward trend from 64 to 57, indicating bearish sentiment or hedging activity. The 11% spread signals divergent expectations across timeframes. Most levels below 68.86 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.