Cogent Biosciences Inc. (COGT)

COGT trades at $15.76, 43.3% above the near-term max pain of $11 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($3-$13), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for COGT shows a downward trend from 13 to 3, indicating bearish sentiment or hedging activity. The 114% spread signals divergent expectations across timeframes. Most levels below 15.76 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.