Banco Bradesco S.A. (BBD)

BBD trades at $3.1, 24.0% above the near-term max pain of $2.5 expiring Sep 19, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$55), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for BBD shows a downward trend from 55 to 2.5, indicating bearish sentiment or hedging activity. The 518% spread signals divergent expectations across timeframes. Most levels below 3.1 may cap rallies. Strong magnetic level at 3 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.