Companhia Paranaense de E... (ELP)
Companhia Paranaense de Energia - COPEL Max Pain By Strike
ELP trades at $8.74, 249.6% above the near-term max pain of $2.5 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$7.5), 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.
Companhia Paranaense de Energia - COPEL Max Pain By Expiry
Max pain for ELP shows a downward trend from 7.5 to 2.5, indicating bearish sentiment or hedging activity. The 114% spread signals divergent expectations across timeframes. Most levels below 8.74 may cap rallies. 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 | 2.5 | -6.24 (-71.41%) |
| Oct 17, 2025 | 7.5 | -1.24 (-14.24%) |
| Jan 16, 2026 | 2.5 | -6.24 (-71.41%) |
| Apr 17, 2026 | 5 | -3.74 (-42.82%) |