CECO Environmental Corp. (CECO)

CECO trades at $49.26, 9.5% above the near-term max pain of $45 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$45), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CECO shows a downward trend from 45 to 20, indicating bearish sentiment or hedging activity. The 69% spread signals divergent expectations across timeframes. Most levels below 49.26 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.