Companhia Energética de M... (CIG)

CIG trades at $2.05, 310.0% above the near-term max pain of $0.5 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($0.5-$800), signaling increased put positioning or downside protection. Key magnetic zone at 1 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CIG shows a downward trend from 800 to 0.5, indicating bearish sentiment or hedging activity. The 497% spread signals divergent expectations across timeframes. Most levels below 2.05 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.