Macy's Inc. (M)

M trades at $18.21, 4.1% above the near-term max pain of $17.5 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($12-$18), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for M shows a downward trend from 18 to 12, indicating bearish sentiment or hedging activity. The 38% spread signals divergent expectations across timeframes. Most levels below 18.21 may cap rallies. Strong magnetic level at 15 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.