LATAM Airlines Group S.A. (LTM)
LATAM Airlines S.A. Max Pain By Strike
LTM trades at $50.34, pinned near the near-term max pain of $50 expiring Sep 19, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$50), signaling increased put positioning or downside protection. Key magnetic zone at 50 where 3 expirations converge.
LATAM Airlines S.A. Max Pain By Expiry
Max pain for LTM shows a downward trend from 50 to 40, indicating bearish sentiment or hedging activity. The 21% spread signals divergent expectations across timeframes. Most levels below 50.34 may cap rallies. Strong magnetic level at 50 (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 | 50 | -0.34 (-0.68%) |
| Oct 17, 2025 | 40 | -10.34 (-20.54%) |
| Dec 19, 2025 | 50 | -0.34 (-0.68%) |
| Mar 20, 2026 | 50 | -0.34 (-0.68%) |