Bancolombia S.A. (CIB)

CIB trades at $49.62, 32.3% above the near-term max pain of $37.5 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$50), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CIB shows a downward trend from 50 to 30, indicating bearish sentiment or hedging activity. The 52% spread signals divergent expectations across timeframes. Most levels below 49.62 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.