Companhia de Saneamento B... (SBS)
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Max Pain By Strike
SBS trades at $24.03, 60.2% above the near-term max pain of $15 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($12.5-$25), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Max Pain By Expiry
Max pain for SBS shows an upward trend from 12.5 to 25, suggesting bullish positioning in longer-dated options. The 69% spread signals divergent expectations across timeframes. Most levels below 24.03 may cap rallies. 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 17, 2025 | 15 | n/a (n/a) |
| Nov 21, 2025 | 25 | n/a (n/a) |
| Jan 16, 2026 | 20 | n/a (n/a) |
| Apr 17, 2026 | 12.5 | n/a (n/a) |