Centene Corporation (CNC)
Centene Max Pain By Strike
CNC trades at $28.96, pinned near the near-term max pain of $28.5 expiring Sep 12, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($20-$30), reflecting growing call interest at higher strikes. Key magnetic zone at 30 where 5 expirations converge.
Centene Max Pain By Expiry
Max pain for CNC shows an upward trend from 20 to 30, suggesting bullish positioning in longer-dated options. The 36% spread signals divergent expectations across timeframes. Levels distributed around 28.96. Strong magnetic level at 30 (5 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 12, 2025 | 28.5 | -0.46 (-1.61%) |
| Sep 19, 2025 | 29.5 | 0.54 (1.85%) |
| Sep 26, 2025 | 28 | -0.96 (-3.33%) |
| Oct 3, 2025 | 27 | -1.96 (-6.78%) |
| Oct 10, 2025 | 29 | 0.04 (0.12%) |
| Oct 17, 2025 | 27.5 | -1.46 (-5.06%) |
| Oct 24, 2025 | 29 | 0.04 (0.12%) |
| Nov 21, 2025 | 30 | 1.04 (3.57%) |
| Dec 19, 2025 | 30 | 1.04 (3.57%) |
| Jan 16, 2026 | 30 | 1.04 (3.57%) |
| Mar 20, 2026 | 30 | 1.04 (3.57%) |
| Jun 18, 2026 | 25 | -3.96 (-13.69%) |
| Sep 18, 2026 | 25 | -3.96 (-13.69%) |
| Jan 15, 2027 | 20 | -8.96 (-30.95%) |