Ultrapar Participações S.... (UGP)

UGP trades at $3.27, 30.8% above the near-term max pain of $2.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for UGP shows a downward trend from 95 to 2.5, indicating bearish sentiment or hedging activity. The 566% spread signals divergent expectations across timeframes. Most levels below 3.27 may cap rallies. Strong magnetic level at 3 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.