CONMED Corporation (CNMD)

CNMD trades at $46, 2.2% above the near-term max pain of $45 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($45-$55), signaling increased put positioning or downside protection. Key magnetic zone at 55 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CNMD shows a downward trend from 55 to 45, indicating bearish sentiment or hedging activity. The 20% spread signals divergent expectations across timeframes. Most levels above 46 could support dips. Strong magnetic level at 55 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.