ProShares - Ultra Bitcoin... (BITU)
ProShares - Ultra Bitcoin ETF Max Pain By Strike
BITU trades at $54.06, 8.1% above the near-term max pain of $50 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($30-$56), reflecting growing call interest at higher strikes. Key magnetic zone at 50 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - Ultra Bitcoin ETF Max Pain By Expiry
Max pain for BITU shows an upward trend from 30 to 56, suggesting bullish positioning in longer-dated options. The 58% spread signals divergent expectations across timeframes. Most levels below 54.06 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 | 50 | -4.06 (-7.51%) |
| Oct 17, 2025 | 56 | 1.94 (3.59%) |
| Nov 21, 2025 | 50 | -4.06 (-7.51%) |
| Dec 19, 2025 | 37 | -17.06 (-31.56%) |
| Jan 16, 2026 | 48 | -6.06 (-11.21%) |
| Feb 20, 2026 | 30 | -24.06 (-44.51%) |