Conduent (CNDT)

CNDT trades at $2.75, 37.5% above the near-term max pain of $2 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2-$3), signaling increased put positioning or downside protection. Key magnetic zone at 2 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CNDT shows a downward trend from 3 to 2, indicating bearish sentiment or hedging activity. The 42% spread signals divergent expectations across timeframes. Levels distributed around 2.75. Strong magnetic level at 2 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.