Cerence Inc. (CRNC)

CRNC trades at $12.55, 14.1% above the near-term max pain of $11 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($8-$14), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CRNC shows a downward trend from 14 to 8, indicating bearish sentiment or hedging activity. The 55% spread signals divergent expectations across timeframes. Most levels below 12.55 may cap rallies. Strong magnetic level at 10 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.