Centene Corporation (CNC)

CNC trades at $34.86, 8.9% above the near-term max pain of $32 expiring Oct 3, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$35), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CNC shows a downward trend from 35 to 20, indicating bearish sentiment or hedging activity. The 51% spread signals divergent expectations across timeframes. Most levels below 34.86 may cap rallies. Strong magnetic level at 30 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.