Cloudflare Inc. (NET)
Cloudflare Max Pain By Strike
NET trades at $195.34, 8.5% above the near-term max pain of $180 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$210), reflecting growing call interest at higher strikes. Key magnetic zone at 200 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Cloudflare Max Pain By Expiry
Max pain for NET shows an upward trend from 8 to 210, suggesting bullish positioning in longer-dated options. The 126% spread signals divergent expectations across timeframes. Levels distributed around 195.34. Strong magnetic level at 200 (5 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 |
|---|---|---|
| Aug 15, 2025 | 180 | -15.34 (-7.86%) |
| Aug 22, 2025 | 200 | 4.66 (2.38%) |
| Aug 29, 2025 | 200 | 4.66 (2.38%) |
| Sep 5, 2025 | 195 | -0.34 (-0.18%) |
| Sep 12, 2025 | 200 | 4.66 (2.38%) |
| Sep 19, 2025 | 160 | -35.34 (-18.09%) |
| Sep 26, 2025 | 200 | 4.66 (2.38%) |
| Oct 17, 2025 | 200 | 4.66 (2.38%) |
| Nov 21, 2025 | 165 | -30.34 (-15.53%) |
| Dec 19, 2025 | 125 | -70.34 (-36.01%) |
| Jan 16, 2026 | 125 | -70.34 (-36.01%) |
| Feb 20, 2026 | 210 | 14.66 (7.50%) |
| Mar 20, 2026 | 155 | -40.34 (-20.65%) |
| Jun 18, 2026 | 150 | -45.34 (-23.21%) |
| Sep 18, 2026 | 160 | -35.34 (-18.09%) |
| Dec 18, 2026 | 8 | -187.34 (-95.90%) |
| Jan 15, 2027 | 100 | -95.34 (-48.81%) |