Banner Corporation (BANR)
Banner Max Pain By Strike
BANR trades at $64.16, pinned near the near-term max pain of $65 expiring Sep 19, 2025 (29 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($35-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Banner Max Pain By Expiry
Max pain for BANR shows a downward trend from 95 to 35, indicating bearish sentiment or hedging activity. The 100% spread signals divergent expectations across timeframes. Levels distributed around 64.16. 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 | 65 | 0.84 (1.31%) |
| Oct 17, 2025 | 35 | -29.16 (-45.45%) |
| Nov 21, 2025 | 50 | -14.16 (-22.07%) |
| Jan 16, 2026 | 95 | 30.84 (48.07%) |
| Feb 20, 2026 | 55 | -9.16 (-14.28%) |