CNA Financial Corporation (CNA)

CNA trades at $47.66, 10.8% above the near-term max pain of $43 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-$450), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CNA shows a downward trend from 450 to 22.5, indicating bearish sentiment or hedging activity. The 407% spread signals divergent expectations across timeframes. Most levels below 47.66 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.