CNB Financial Corporation (CCNE)

CCNE trades at $24.93, 99.4% above the near-term max pain of $12.5 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$400), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CCNE shows a downward trend from 400 to 12.5, indicating bearish sentiment or hedging activity. The 404% spread signals divergent expectations across timeframes. Levels distributed around 24.93. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.