US Treasury 3 Month Bill ... (TBIL)

TBIL trades at $49.98, 24.9% above the near-term max pain of $40 expiring Sep 19, 2025 (21 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$80), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TBIL shows a downward trend from 80 to 40, indicating bearish sentiment or hedging activity. The 83% spread signals divergent expectations across timeframes. Most levels below 49.98 may cap rallies. Strong magnetic level at 40 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.