Nexa Resources S.A. (NEXA)

NEXA trades at $5.04, pinned near the near-term max pain of $5 expiring Oct 17, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$5), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 3 expirations converge.

Max pain for NEXA shows a downward trend from 5 to 2.5, indicating bearish sentiment or hedging activity. The 57% spread signals divergent expectations across timeframes. Most levels below 5.04 may cap rallies. Strong magnetic level at 5 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.