Cerence Inc. (CRNC)
Cerence Max Pain By Strike
CRNC trades at $11.81, 18.1% above the near-term max pain of $10 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($3-$15), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Cerence Max Pain By Expiry
Max pain for CRNC shows a downward trend from 15 to 3, indicating bearish sentiment or hedging activity. The 125% spread signals divergent expectations across timeframes. Most levels below 11.81 may cap rallies. 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 |
|---|---|---|
| Sep 19, 2025 | 10 | -1.81 (-15.33%) |
| Oct 17, 2025 | 3 | -8.81 (-74.60%) |
| Nov 21, 2025 | 9 | -2.81 (-23.79%) |
| Dec 19, 2025 | 12 | 0.19 (1.61%) |
| Jan 16, 2026 | 15 | 3.19 (27.01%) |
| Feb 20, 2026 | 10 | -1.81 (-15.33%) |
| Jan 15, 2027 | 8 | -3.81 (-32.26%) |