ProShares - Ultra Bloombe... (BOIL)
ProShares - Ultra Bloomberg Natural Gas Max Pain By Strike
BOIL trades at $30.16, 2.7% below the near-term max pain of $31 expiring Aug 22, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($30-$54), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - Ultra Bloomberg Natural Gas Max Pain By Expiry
Max pain for BOIL shows a downward trend from 54 to 30, indicating bearish sentiment or hedging activity. The 66% spread signals divergent expectations across timeframes. Most levels above 30.16 could support dips. Strong magnetic level at 35 (3 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 | 31 | 0.84 (2.79%) |
| Aug 29, 2025 | 35 | 4.84 (16.05%) |
| Sep 5, 2025 | 32 | 1.84 (6.10%) |
| Sep 12, 2025 | 32 | 1.84 (6.10%) |
| Sep 19, 2025 | 42 | 11.84 (39.26%) |
| Sep 26, 2025 | 30 | -0.16 (-0.53%) |
| Oct 17, 2025 | 30 | -0.16 (-0.53%) |
| Dec 19, 2025 | 35 | 4.84 (16.05%) |
| Jan 16, 2026 | 35 | 4.84 (16.05%) |
| Mar 20, 2026 | 42 | 11.84 (39.26%) |
| Jan 15, 2027 | 54 | 23.84 (79.05%) |