Cognex Corporation (CGNX)

CGNX trades at $45.79, pinned near the near-term max pain of $45 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($35-$50), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CGNX shows a downward trend from 50 to 35, indicating bearish sentiment or hedging activity. The 35% spread signals divergent expectations across timeframes. Most levels below 45.79 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.