CenterPoint Energy Inc. (CNP)

CNP trades at $39.23, 3.2% above the near-term max pain of $38 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($36-$65), signaling increased put positioning or downside protection. Key magnetic zone at 36 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CNP shows a downward trend from 65 to 36, indicating bearish sentiment or hedging activity. The 69% spread signals divergent expectations across timeframes. Most levels below 39.23 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.