Global X - Bitcoin Trend ... (BTRN)
Global X - Bitcoin Trend Strategy ETF Max Pain By Strike
BTRN trades at $39.98, 8.1% above the near-term max pain of $37 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($7.5-$37), reflecting growing call interest at higher strikes. Key magnetic zone at 37 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Global X - Bitcoin Trend Strategy ETF Max Pain By Expiry
Max pain for BTRN shows an upward trend from 7.5 to 37, suggesting bullish positioning in longer-dated options. The 102% spread signals divergent expectations across timeframes. Most levels below 39.98 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 | 37 | -2.98 (-7.47%) |
| Oct 17, 2025 | 37 | -2.98 (-7.47%) |
| Nov 21, 2025 | 29 | -10.98 (-27.47%) |
| Jan 16, 2026 | 7.5 | -32.48 (-81.24%) |
| Feb 20, 2026 | 34 | -5.98 (-14.97%) |