Pampa Energía S.A. (PAM)
Pampa Energía S.A. Max Pain By Strike
PAM trades at $75.2, pinned near the near-term max pain of $75 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$85), signaling increased put positioning or downside protection. Key magnetic zone at 75 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Pampa Energía S.A. Max Pain By Expiry
Max pain for PAM shows a downward trend from 85 to 40, indicating bearish sentiment or hedging activity. The 67% spread signals divergent expectations across timeframes. Most levels below 75.2 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 | 75 | -0.20 (-0.27%) |
| Oct 17, 2025 | 40 | -35.20 (-46.81%) |
| Dec 19, 2025 | 75 | -0.20 (-0.27%) |
| Jan 16, 2026 | 85 | 9.80 (13.02%) |
| Mar 20, 2026 | 60 | -15.20 (-20.22%) |