CONMED Corporation (CNMD)
CONMED Max Pain By Strike
CNMD trades at $53.31, 6.6% above the near-term max pain of $50 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$55), signaling increased put positioning or downside protection. Key magnetic zone at 50 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
CONMED Max Pain By Expiry
Max pain for CNMD shows a downward trend from 55 to 30, indicating bearish sentiment or hedging activity. The 51% spread signals divergent expectations across timeframes. Levels distributed around 53.31. Strong magnetic level at 50 (4 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 |
|---|---|---|
| Aug 15, 2025 | 50 | -3.31 (-6.22%) |
| Sep 19, 2025 | 55 | 1.69 (3.16%) |
| Oct 17, 2025 | 30 | -23.31 (-43.73%) |
| Nov 21, 2025 | 55 | 1.69 (3.16%) |
| Dec 19, 2025 | 45 | -8.31 (-15.60%) |
| Jan 16, 2026 | 50 | -3.31 (-6.22%) |
| Feb 20, 2026 | 50 | -3.31 (-6.22%) |
| Mar 20, 2026 | 55 | 1.69 (3.16%) |
| May 15, 2026 | 50 | -3.31 (-6.22%) |