Ultrapar Participações S.... (UGP)
Ultrapar Participações S.A. Max Pain By Strike
UGP trades at $3.91, 21.8% below the near-term max pain of $5 expiring Oct 17, 2025 (11 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$95), 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.
Ultrapar Participações S.A. Max Pain By Expiry
Max pain for UGP shows a downward trend from 95 to 2.5, indicating bearish sentiment or hedging activity. The 474% spread signals divergent expectations across timeframes. Levels distributed around 3.91. 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 |
|---|---|---|
| Oct 17, 2025 | 5 | n/a (n/a) |
| Nov 21, 2025 | 2.5 | n/a (n/a) |
| Jan 16, 2026 | 7 | n/a (n/a) |
| Feb 20, 2026 | 5 | n/a (n/a) |
| May 15, 2026 | 2.5 | n/a (n/a) |
| Dec 18, 2026 | 95 | n/a (n/a) |