Cogent Biosciences Inc. (COGT)

COGT trades at $12.11, 21.1% above the near-term max pain of $10 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($3-$12), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for COGT shows a downward trend from 12 to 3, indicating bearish sentiment or hedging activity. The 108% spread signals divergent expectations across timeframes. Most levels below 12.11 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.