CenterPoint Energy Inc. (CNP)

CNP trades at $38.45, 6.8% above the near-term max pain of $36 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-$65), signaling increased put positioning or downside protection. Key magnetic zone at 36 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CNP shows a downward trend from 65 to 30, indicating bearish sentiment or hedging activity. The 89% spread signals divergent expectations across timeframes. Most levels below 38.45 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.