Companhia de Saneamento B... (SBS)
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Max Pain By Strike
SBS trades at $23.16, 15.8% above the near-term max pain of $20 expiring Sep 19, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($12.5-$20), reflecting growing call interest at higher strikes. Key magnetic zone at 20 where 2 expirations converge. 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 20, suggesting bullish positioning in longer-dated options. The 44% spread signals divergent expectations across timeframes. Most levels below 23.16 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 |
|---|---|---|
| Sep 19, 2025 | 20 | -3.16 (-13.63%) |
| Oct 17, 2025 | 15 | -8.16 (-35.22%) |
| Jan 16, 2026 | 20 | -3.16 (-13.63%) |
| Apr 17, 2026 | 12.5 | -10.66 (-46.02%) |