CNB Financial Corporation (CCNE)
CNB Financial Max Pain By Strike
CCNE trades at $26.05, 15.8% above the near-term max pain of $22.5 expiring Sep 19, 2025 (13 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. Key magnetic zone at 23 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
CNB Financial Max Pain By Expiry
Max pain for CCNE shows a downward trend from 400 to 12.5, indicating bearish sentiment or hedging activity. The 397% spread signals divergent expectations across timeframes. Levels distributed around 26.05. 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 | 22.5 | -3.55 (-13.63%) |
| Oct 17, 2025 | 12.5 | -13.55 (-52.02%) |
| Dec 19, 2025 | 22.5 | -3.55 (-13.63%) |
| Jan 16, 2026 | 400 | 373.95 (1435.51%) |
| Mar 20, 2026 | 30 | 3.95 (15.16%) |