Deluxe Corporation (DLX)

DLX trades at $19.65, 12.3% above the near-term max pain of $17.5 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$20), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for DLX shows a downward trend from 20 to 17.5, indicating bearish sentiment or hedging activity. The 14% spread signals divergent expectations across timeframes. Levels distributed around 19.65. Strong magnetic level at 18 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.