Banco Santander (Brasil) ... (BSBR)
Banco Santander (Brasil) S.A. Max Pain By Strike
BSBR trades at $4.84, 3.2% below the near-term max pain of $5 expiring Sep 19, 2025 (29 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$45), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Banco Santander (Brasil) S.A. Max Pain By Expiry
Max pain for BSBR shows a downward trend from 45 to 2.5, indicating bearish sentiment or hedging activity. The 354% spread signals divergent expectations across timeframes. Levels distributed around 4.84. 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 | 5 | 0.16 (3.20%) |
| Oct 17, 2025 | 2.5 | -2.34 (-48.40%) |
| Dec 19, 2025 | 5 | 0.16 (3.20%) |
| Jan 16, 2026 | 45 | 40.16 (828.79%) |
| Mar 20, 2026 | 2.5 | -2.34 (-48.40%) |