Citizens & Northern Corpo... (CZNC)
Citizens & Northern Max Pain By Strike
CZNC trades at $19.11, 4.5% below the near-term max pain of $20 expiring Sep 19, 2025 (34 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Citizens & Northern Max Pain By Expiry
Max pain for CZNC shows a downward trend from 95 to 2.5, indicating bearish sentiment or hedging activity. The 336% spread signals divergent expectations across timeframes. Levels distributed around 19.11. 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 | 20 | 0.89 (4.66%) |
| Oct 17, 2025 | 2.5 | -16.61 (-86.92%) |
| Dec 19, 2025 | 17.5 | -1.61 (-8.42%) |
| Mar 20, 2026 | 2.5 | -16.61 (-86.92%) |
| Dec 18, 2026 | 95 | 75.89 (397.12%) |