Topgolf Callaway Brands C... (MODG)
Topgolf Callaway Brands Max Pain By Strike
MODG trades at $9.71, 2.9% below the near-term max pain of $10 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7.5-$10), signaling increased put positioning or downside protection. Key magnetic zone at 8 where 3 expirations converge.
Topgolf Callaway Brands Max Pain By Expiry
Max pain for MODG shows a downward trend from 10 to 7.5, indicating bearish sentiment or hedging activity. The 29% spread signals divergent expectations across timeframes. Levels distributed around 9.71. Strong magnetic level at 8 (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 | 10 | 0.29 (2.93%) |
| Oct 17, 2025 | 7.5 | -2.21 (-22.80%) |
| Nov 21, 2025 | 7.5 | -2.21 (-22.80%) |
| Jan 16, 2026 | 10 | 0.29 (2.93%) |
| Feb 20, 2026 | 10 | 0.29 (2.93%) |
| Jul 17, 2026 | 7.5 | -2.21 (-22.80%) |