Itaú Unibanco Holding S.A... (ITUB)
Itaú Unibanco S.A. Max Pain By Strike
ITUB trades at $6.7, 4.3% below the near-term max pain of $7 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($1-$7), signaling increased put positioning or downside protection. Key magnetic zone at 7 where 3 expirations converge.
Itaú Unibanco S.A. Max Pain By Expiry
Max pain for ITUB shows a downward trend from 7 to 1, indicating bearish sentiment or hedging activity. The 109% spread signals divergent expectations across timeframes. Levels distributed around 6.7. Strong magnetic level at 7 (3 expirations). 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 | 7 | 0.30 (4.56%) |
| Oct 17, 2025 | 1 | -5.70 (-85.06%) |
| Dec 19, 2025 | 7 | 0.30 (4.56%) |
| Jan 16, 2026 | 5 | -1.70 (-25.32%) |
| Mar 20, 2026 | 6 | -0.70 (-10.38%) |
| Jan 15, 2027 | 7 | 0.30 (4.56%) |