Companhia de Saneamento B... (SBS)
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Max Pain By Strike
SBS trades at $21.66, 3.7% below the near-term max pain of $22.5 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7.5-$22.5), signaling increased put positioning or downside protection. 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 a downward trend from 22.5 to 7.5, indicating bearish sentiment or hedging activity. The 97% spread signals divergent expectations across timeframes. Most levels below 21.66 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 |
|---|---|---|
| Aug 15, 2025 | 22.5 | 0.84 (3.85%) |
| Sep 19, 2025 | 7.5 | -14.16 (-65.38%) |
| Oct 17, 2025 | 15 | -6.66 (-30.76%) |
| Jan 16, 2026 | 20 | -1.66 (-7.69%) |
| Apr 17, 2026 | 12.5 | -9.16 (-42.30%) |