Cerence Inc. (CRNC)
Cerence Max Pain By Strike
CRNC trades at $10.82, 8.2% 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 ($8-$15), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Cerence Max Pain By Expiry
Max pain for CRNC shows a downward trend from 15 to 8, indicating bearish sentiment or hedging activity. The 65% spread signals divergent expectations across timeframes. Levels distributed around 10.82. 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 | 10 | -0.82 (-7.62%) |
| Oct 17, 2025 | 11 | 0.18 (1.62%) |
| Nov 21, 2025 | 9 | -1.82 (-16.86%) |
| Dec 19, 2025 | 12 | 1.18 (10.85%) |
| Jan 16, 2026 | 15 | 4.18 (38.57%) |
| Feb 20, 2026 | 10 | -0.82 (-7.62%) |
| Jan 15, 2027 | 8 | -2.82 (-26.10%) |