Banco Santander (Brasil) ... (BSBR)
Banco Santander (Brasil) S.A. Max Pain By Strike
BSBR trades at $5.45, 9.0% above the near-term max pain of $5 expiring Sep 19, 2025 (14 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$45), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Banco Santander (Brasil) S.A. Max Pain By Expiry
Max pain for BSBR shows a downward trend from 45 to 5, indicating bearish sentiment or hedging activity. The 308% spread signals divergent expectations across timeframes. Most levels below 5.45 may cap rallies. Strong magnetic level at 5 (4 expirations). 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 | 5 | -0.45 (-8.26%) |
| Oct 17, 2025 | 5 | -0.45 (-8.26%) |
| Dec 19, 2025 | 5 | -0.45 (-8.26%) |
| Jan 16, 2026 | 45 | 39.55 (725.69%) |
| Mar 20, 2026 | 5 | -0.45 (-8.26%) |