Ecopetrol S.A. (EC)

EC trades at $8.93, 10.7% below the near-term max pain of $10 expiring Aug 15, 2025 (-1 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$350), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EC shows a downward trend from 350 to 2.5, indicating bearish sentiment or hedging activity. The 502% spread signals divergent expectations across timeframes. Most levels above 8.93 could support dips. Strong magnetic level at 10 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.