Cognex Corporation (CGNX)
Cognex Max Pain By Strike
CGNX trades at $43.55, 8.9% above the near-term max pain of $40 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22.5-$40), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Cognex Max Pain By Expiry
Max pain for CGNX shows a downward trend from 40 to 22.5, indicating bearish sentiment or hedging activity. The 51% spread signals divergent expectations across timeframes. Most levels below 43.55 may cap rallies. 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 |
|---|---|---|
| Aug 15, 2025 | 40 | -3.55 (-8.15%) |
| Sep 19, 2025 | 40 | -3.55 (-8.15%) |
| Oct 17, 2025 | 22.5 | -21.05 (-48.34%) |
| Nov 21, 2025 | 35 | -8.55 (-19.63%) |
| Feb 20, 2026 | 35 | -8.55 (-19.63%) |