Confluent Inc. (CFLT)
Confluent Max Pain By Strike
CFLT trades at $20.24, 19.1% above the near-term max pain of $17 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$23), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Confluent Max Pain By Expiry
Max pain for CFLT shows a downward trend from 23 to 15, indicating bearish sentiment or hedging activity. The 43% spread signals divergent expectations across timeframes. Most levels below 20.24 may cap rallies. Strong magnetic level at 18 (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 | 17 | -3.24 (-16.01%) |
| Oct 17, 2025 | 18 | -2.24 (-11.07%) |
| Nov 21, 2025 | 18 | -2.24 (-11.07%) |
| Jan 16, 2026 | 21 | 0.76 (3.75%) |
| Feb 20, 2026 | 23 | 2.76 (13.64%) |
| Mar 20, 2026 | 20 | -0.24 (-1.19%) |
| Apr 17, 2026 | 16 | -4.24 (-20.95%) |
| Jan 15, 2027 | 15 | -5.24 (-25.89%) |
| Dec 17, 2027 | 18 | -2.24 (-11.07%) |