Azul S.A. (AZUL)

AZUL trades at $0.5, 75.0% below the near-term max pain of $2 expiring Jun 20, 2025 (-56 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($0.5-$4), signaling increased put positioning or downside protection. Key magnetic zone at 1 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AZUL shows a downward trend from 4 to 0.5, indicating bearish sentiment or hedging activity. The 175% spread signals divergent expectations across timeframes. Levels distributed around 0.5. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.