ProShares - UltraShort Bi... (SBIT)
ProShares - UltraShort Bitcoin ETF Max Pain By Strike
SBIT trades at $29, 11.5% above the near-term max pain of $26 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-$28), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - UltraShort Bitcoin ETF Max Pain By Expiry
Max pain for SBIT shows an upward trend from 7.5 to 28, suggesting bullish positioning in longer-dated options. The 99% spread signals divergent expectations across timeframes. Most levels below 29 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 | 26 | -3.00 (-10.34%) |
| Oct 17, 2025 | 17 | -12.00 (-41.38%) |
| Nov 21, 2025 | 25 | -4.00 (-13.79%) |
| Jan 16, 2026 | 7.5 | -21.50 (-74.14%) |
| Feb 20, 2026 | 28 | -1.00 (-3.45%) |