Eni S.p.A. (E)

E trades at $35.03, pinned near the near-term max pain of $35 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($30-$95), signaling increased put positioning or downside protection. Key magnetic zone at 33 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for E shows a downward trend from 95 to 30, indicating bearish sentiment or hedging activity. The 157% spread signals divergent expectations across timeframes. Most levels below 35.03 may cap rallies. Strong magnetic level at 33 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.