LATAM Airlines Group S.A. (LTM)
LATAM Airlines S.A. Max Pain By Strike
LTM trades at $47.71, 13.3% below the near-term max pain of $55 expiring Sep 19, 2025 (28 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($22.5-$55), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
LATAM Airlines S.A. Max Pain By Expiry
Max pain for LTM shows a downward trend from 55 to 22.5, indicating bearish sentiment or hedging activity. The 83% spread signals divergent expectations across timeframes. Most levels below 47.71 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 | 55 | 7.29 (15.28%) |
| Oct 17, 2025 | 22.5 | -25.21 (-52.84%) |
| Dec 19, 2025 | 40 | -7.71 (-16.16%) |
| Mar 20, 2026 | 40 | -7.71 (-16.16%) |