AES Corporation (AES)

AES trades at $14.57, 7.9% above the near-term max pain of $13.5 expiring Oct 10, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($10-$15), signaling increased put positioning or downside protection. Key magnetic zone at 13 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AES shows a downward trend from 15 to 10, indicating bearish sentiment or hedging activity. The 39% spread signals divergent expectations across timeframes. Most levels below 14.57 may cap rallies. Strong magnetic level at 13 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.