Cloudflare Inc. (NET)
Cloudflare Max Pain By Strike
NET trades at $224.64, 7.0% above the near-term max pain of $210 expiring Sep 12, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($8-$220), signaling increased put positioning or downside protection. Key magnetic zone at 210 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Cloudflare Max Pain By Expiry
Max pain for NET shows a downward trend from 220 to 8, indicating bearish sentiment or hedging activity. The 127% spread signals divergent expectations across timeframes. Most levels below 224.64 may cap rallies. Strong magnetic level at 210 (3 expirations). 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 12, 2025 | 210 | -14.64 (-6.52%) |
| Sep 19, 2025 | 175 | -49.64 (-22.10%) |
| Sep 26, 2025 | 205 | -19.64 (-8.74%) |
| Oct 3, 2025 | 210 | -14.64 (-6.52%) |
| Oct 10, 2025 | 205 | -19.64 (-8.74%) |
| Oct 17, 2025 | 200 | -24.64 (-10.97%) |
| Oct 24, 2025 | 220 | -4.64 (-2.07%) |
| Nov 21, 2025 | 170 | -54.64 (-24.32%) |
| Dec 19, 2025 | 130 | -94.64 (-42.13%) |
| Jan 16, 2026 | 130 | -94.64 (-42.13%) |
| Feb 20, 2026 | 210 | -14.64 (-6.52%) |
| Mar 20, 2026 | 165 | -59.64 (-26.55%) |
| Jun 18, 2026 | 160 | -64.64 (-28.77%) |
| Sep 18, 2026 | 160 | -64.64 (-28.77%) |
| Dec 18, 2026 | 8 | -216.64 (-96.44%) |
| Jan 15, 2027 | 110 | -114.64 (-51.03%) |