(CHGX)
Max Pain By Strike
CHGX trades at $26.67, 16.0% above the near-term max pain of $23 expiring Sep 19, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$55), 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 By Expiry
Max pain for CHGX shows a downward trend from 55 to 15, indicating bearish sentiment or hedging activity. The 145% spread signals divergent expectations across timeframes. Most levels below 26.67 may cap rallies. 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 | 23 | -3.67 (-13.76%) |
| Oct 17, 2025 | 23 | -3.67 (-13.76%) |
| Nov 21, 2025 | 15 | -11.67 (-43.76%) |
| Jan 16, 2026 | 55 | 28.33 (106.22%) |
| Feb 20, 2026 | 22 | -4.67 (-17.51%) |