Cathay General Bancorp (CATY)

CATY trades at $47.29, 5.1% above the near-term max pain of $45 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$55), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CATY shows a downward trend from 55 to 25, indicating bearish sentiment or hedging activity. The 71% spread signals divergent expectations across timeframes. Most levels below 47.29 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.