ProShares - Bitcoin ETF (BITO)
ProShares - Bitcoin ETF Max Pain By Strike
BITO trades at $21.05, 4.3% below the near-term max pain of $22 expiring Aug 22, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($19-$26), indicating stable market expectations. Key magnetic zone at 22 where 7 expirations converge.
ProShares - Bitcoin ETF Max Pain By Expiry
Max pain for BITO shows stable levels around 22.13, reflecting balanced market expectations. The 32% spread signals divergent expectations across timeframes. Most levels above 21.05 could support dips. Strong magnetic level at 22 (7 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 |
|---|---|---|
| Aug 22, 2025 | 22 | 0.95 (4.54%) |
| Aug 29, 2025 | 22 | 0.95 (4.54%) |
| Sep 5, 2025 | 21.5 | 0.45 (2.16%) |
| Sep 12, 2025 | 21 | -0.05 (-0.21%) |
| Sep 19, 2025 | 22 | 0.95 (4.54%) |
| Sep 26, 2025 | 21.5 | 0.45 (2.16%) |
| Sep 30, 2025 | 23 | 1.95 (9.29%) |
| Oct 17, 2025 | 21 | -0.05 (-0.21%) |
| Dec 19, 2025 | 22 | 0.95 (4.54%) |
| Dec 31, 2025 | 22 | 0.95 (4.54%) |
| Jan 16, 2026 | 23 | 1.95 (9.29%) |
| Mar 20, 2026 | 25 | 3.95 (18.79%) |
| Mar 31, 2026 | 26 | 4.95 (23.54%) |
| Jun 30, 2026 | 21 | -0.05 (-0.21%) |
| Jan 15, 2027 | 19 | -2.05 (-9.72%) |