VanEck Bitcoin ETF (HODL)
VanEck Bitcoin ETF Max Pain By Strike
HODL trades at $32.91, 3.2% below the near-term max pain of $34 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($22-$34), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
VanEck Bitcoin ETF Max Pain By Expiry
Max pain for HODL shows an upward trend from 22 to 34, suggesting bullish positioning in longer-dated options. The 41% spread signals divergent expectations across timeframes. Levels distributed around 32.91. 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 | 34 | 1.09 (3.31%) |
| Oct 17, 2025 | 30 | -2.91 (-8.84%) |
| Nov 21, 2025 | 24 | -8.91 (-27.07%) |
| Dec 19, 2025 | 33 | 0.09 (0.27%) |
| Jan 16, 2026 | 22 | -10.91 (-33.15%) |
| Feb 20, 2026 | 31 | -1.91 (-5.80%) |