Vale S.A. (VALE)

VALE trades at $11.01, 4.9% above the near-term max pain of $10.5 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($5-$12), reflecting growing call interest at higher strikes. Key magnetic zone at 10 where 7 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VALE shows an upward trend from 5 to 12, suggesting bullish positioning in longer-dated options. The 69% spread signals divergent expectations across timeframes. Most levels below 11.01 may cap rallies. Strong magnetic level at 10 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.