Companhia Energética de M... (CIG)
Companhia Energética de Minas Gerais Max Pain By Strike
CIG trades at $1.96, 96.0% above the near-term max pain of $1 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($0.5-$800), signaling increased put positioning or downside protection. Key magnetic zone at 2 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Companhia Energética de Minas Gerais Max Pain By Expiry
Max pain for CIG shows a downward trend from 800 to 0.5, indicating bearish sentiment or hedging activity. The 594% spread signals divergent expectations across timeframes. Levels distributed around 1.96. Strong magnetic level at 2 (3 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 |
|---|---|---|
| Aug 15, 2025 | 1 | -0.96 (-48.85%) |
| Sep 19, 2025 | 2 | 0.04 (2.30%) |
| Oct 17, 2025 | 0.5 | -1.46 (-74.42%) |
| Dec 19, 2025 | 1.5 | -0.46 (-23.27%) |
| Jan 16, 2026 | 800 | 798.04 (40820.72%) |
| Mar 20, 2026 | 2 | 0.04 (2.30%) |