Petróleo Brasileiro S.A. ... (PBR)
Petróleo Brasileiro S.A. - Petrobras Max Pain By Strike
PBR trades at $13.07, 4.6% above the near-term max pain of $12.5 expiring Oct 3, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($12-$15), signaling increased put positioning or downside protection. Key magnetic zone at 13 where 8 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Petróleo Brasileiro S.A. - Petrobras Max Pain By Expiry
Max pain for PBR shows a downward trend from 15 to 12, indicating bearish sentiment or hedging activity. The 24% spread signals divergent expectations across timeframes. Most levels below 13.07 may cap rallies. Strong magnetic level at 13 (8 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 |
|---|---|---|
| Oct 3, 2025 | 12.5 | n/a (n/a) |
| Oct 10, 2025 | 12.5 | n/a (n/a) |
| Oct 17, 2025 | 12 | n/a (n/a) |
| Oct 24, 2025 | 13 | n/a (n/a) |
| Oct 31, 2025 | 12.5 | n/a (n/a) |
| Nov 7, 2025 | 12.5 | n/a (n/a) |
| Nov 21, 2025 | 13 | n/a (n/a) |
| Dec 19, 2025 | 12 | n/a (n/a) |
| Jan 16, 2026 | 15 | n/a (n/a) |
| Mar 20, 2026 | 13 | n/a (n/a) |
| Apr 17, 2026 | 12 | n/a (n/a) |
| Jun 18, 2026 | 12 | n/a (n/a) |
| Sep 18, 2026 | 12 | n/a (n/a) |
| Dec 18, 2026 | 13 | n/a (n/a) |
| Jan 15, 2027 | 15 | n/a (n/a) |
| Dec 17, 2027 | 12 | n/a (n/a) |
| Jan 21, 2028 | 12 | n/a (n/a) |