Eni S.p.A. (E)

E trades at $35.17, 27.9% above the near-term max pain of $27.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 28 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for E shows a downward trend from 95 to 17.5, indicating bearish sentiment or hedging activity. The 221% spread signals divergent expectations across timeframes. Most levels below 35.17 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.