Kellanova (K)

K trades at $82.73, 6.7% above the near-term max pain of $77.5 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($40-$80), reflecting growing call interest at higher strikes. Key magnetic zone at 80 where 4 expirations converge.

Max pain for K shows an upward trend from 40 to 80, suggesting bullish positioning in longer-dated options. The 54% spread signals divergent expectations across timeframes. Most levels below 82.73 may cap rallies. Strong magnetic level at 80 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.