Cognex Corporation (CGNX)

CGNX trades at $46.3, 2.9% above the near-term max pain of $45 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($35-$45), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 2 expirations converge.

Max pain for CGNX shows a downward trend from 45 to 35, indicating bearish sentiment or hedging activity. The 24% spread signals divergent expectations across timeframes. Most levels below 46.3 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.