Adecoagro S.A. (AGRO)

AGRO trades at $8.03, 7.1% above the near-term max pain of $7.5 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 8 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AGRO shows a downward trend from 95 to 2.5, indicating bearish sentiment or hedging activity. The 434% spread signals divergent expectations across timeframes. Most levels below 8.03 may cap rallies. Strong magnetic level at 8 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.