Gerdau S.A. (GGB)
Gerdau S.A. Max Pain By Strike
GGB trades at $3.19, 6.3% above the near-term max pain of $3 expiring Sep 19, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$47), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Gerdau S.A. Max Pain By Expiry
Max pain for GGB shows a downward trend from 47 to 2.5, indicating bearish sentiment or hedging activity. The 371% spread signals divergent expectations across timeframes. Levels distributed around 3.19. Strong magnetic level at 3 (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 |
|---|---|---|
| Sep 19, 2025 | 3 | -0.19 (-6.10%) |
| Oct 17, 2025 | 5 | 1.81 (56.49%) |
| Dec 19, 2025 | 2.5 | -0.69 (-21.75%) |
| Jan 16, 2026 | 47 | 43.80 (1371.05%) |
| Mar 20, 2026 | 2.5 | -0.69 (-21.75%) |