CNB Financial Corporation (CCNE)

CCNE trades at $25, 11.1% above the near-term max pain of $22.5 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$400), 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.

Max pain for CCNE shows a downward trend from 400 to 12.5, indicating bearish sentiment or hedging activity. The 397% spread signals divergent expectations across timeframes. Levels distributed around 25. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.