Eni S.p.A. (E)

E trades at $35.29, pinned near the near-term max pain of $35 expiring Sep 19, 2025 (9 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($25-$95), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 3 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 25, indicating bearish sentiment or hedging activity. The 182% spread signals divergent expectations across timeframes. Most levels below 35.29 may cap rallies. Strong magnetic level at 30 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.