Macerich (MAC)
Macerich Max Pain By Strike
MAC trades at $17.39, 8.7% above the near-term max pain of $16 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$95), signaling increased put positioning or downside protection. Key magnetic zone at 16 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Macerich Max Pain By Expiry
Max pain for MAC shows a downward trend from 95 to 15, indicating bearish sentiment or hedging activity. The 253% spread signals divergent expectations across timeframes. Most levels below 17.39 may cap rallies. Strong magnetic level at 16 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 16 | -1.39 (-7.97%) |
| Oct 17, 2025 | 16 | -1.39 (-7.97%) |
| Dec 19, 2025 | 15 | -2.39 (-13.72%) |
| Jan 16, 2026 | 95 | 77.61 (446.45%) |
| Mar 20, 2026 | 16 | -1.39 (-7.97%) |