Macerich (MAC)

MAC trades at $18.05, 6.2% above the near-term max pain of $17 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($16-$95), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for MAC shows a downward trend from 95 to 16, indicating bearish sentiment or hedging activity. The 241% spread signals divergent expectations across timeframes. Most levels below 18.05 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.