Covenant Logistics Group ... (CVLG)
Covenant Logistics Max Pain By Strike
CVLG trades at $23.95, 4.2% below the near-term max pain of $25 expiring Sep 19, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($22.5-$35), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Covenant Logistics Max Pain By Expiry
Max pain for CVLG shows a downward trend from 35 to 22.5, indicating bearish sentiment or hedging activity. The 48% spread signals divergent expectations across timeframes. Levels distributed around 23.95. 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 | 25 | 1.05 (4.38%) |
| Oct 17, 2025 | 22.5 | -1.45 (-6.05%) |
| Dec 19, 2025 | 22.5 | -1.45 (-6.05%) |
| Mar 20, 2026 | 35 | 11.05 (46.14%) |