Pampa Energía S.A. (PAM)
Pampa Energía S.A. Max Pain By Strike
PAM trades at $73.89, pinned near the near-term max pain of $75 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($35-$85), signaling increased put positioning or downside protection. Key magnetic zone at 75 where 3 expirations converge.
Pampa Energía S.A. Max Pain By Expiry
Max pain for PAM shows a downward trend from 85 to 35, indicating bearish sentiment or hedging activity. The 78% spread signals divergent expectations across timeframes. Levels distributed around 73.89. Strong magnetic level at 75 (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 |
|---|---|---|
| Aug 15, 2025 | 75 | 1.11 (1.50%) |
| Sep 19, 2025 | 75 | 1.11 (1.50%) |
| Oct 17, 2025 | 40 | -33.89 (-45.87%) |
| Dec 19, 2025 | 75 | 1.11 (1.50%) |
| Jan 16, 2026 | 85 | 11.11 (15.03%) |
| Mar 20, 2026 | 35 | -38.89 (-52.64%) |