Alcoa Corporation (AA)
Alcoa Max Pain By Strike
AA trades at $29.85, 6.7% below the near-term max pain of $32 expiring Aug 22, 2025 (2 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($30-$35), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 12 expirations converge.
Alcoa Max Pain By Expiry
Max pain for AA shows a downward trend from 35 to 30, indicating bearish sentiment or hedging activity. The 16% spread signals divergent expectations across timeframes. Most levels above 29.85 could support dips. Strong magnetic level at 30 (12 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 |
|---|---|---|
| Aug 22, 2025 | 32 | 2.15 (7.20%) |
| Aug 29, 2025 | 30 | 0.15 (0.50%) |
| Sep 5, 2025 | 30 | 0.15 (0.50%) |
| Sep 12, 2025 | 30 | 0.15 (0.50%) |
| Sep 19, 2025 | 35 | 5.15 (17.25%) |
| Sep 26, 2025 | 30 | 0.15 (0.50%) |
| Oct 17, 2025 | 30 | 0.15 (0.50%) |
| Nov 21, 2025 | 30 | 0.15 (0.50%) |
| Jan 16, 2026 | 30 | 0.15 (0.50%) |
| Mar 20, 2026 | 30 | 0.15 (0.50%) |
| Apr 17, 2026 | 30 | 0.15 (0.50%) |
| Jun 18, 2026 | 35 | 5.15 (17.25%) |
| Sep 18, 2026 | 30 | 0.15 (0.50%) |
| Dec 18, 2026 | 30 | 0.15 (0.50%) |
| Jan 15, 2027 | 30 | 0.15 (0.50%) |