WK Kellogg Co (KLG)

KLG trades at $23, 2.2% above the near-term max pain of $22.5 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($13-$50), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 3 expirations converge.

Max pain for KLG shows a downward trend from 50 to 13, indicating bearish sentiment or hedging activity. The 154% spread signals divergent expectations across timeframes. Most levels below 23 may cap rallies. Strong magnetic level at 23 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.