Gerdau S.A. (GGB)

GGB trades at $3.28, 34.4% below the near-term max pain of $5 expiring Oct 17, 2025 (12 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$47), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for GGB shows a downward trend from 47 to 2.5, indicating bearish sentiment or hedging activity. The 374% spread signals divergent expectations across timeframes. Levels distributed around 3.28. Strong magnetic level at 3 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.