(BIL)
Max Pain By Strike
BIL trades at $91.69, pinned near the near-term max pain of $91 expiring Sep 19, 2025 (26 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($91-$92), indicating stable market expectations. Key magnetic zone at 91 where 4 expirations converge.
Max Pain By Expiry
Max pain for BIL shows stable levels around 91.33, reflecting balanced market expectations. The 1% spread suggests strong consensus on fair value. Levels distributed around 91.69. Strong magnetic level at 91 (4 expirations). 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 | 91 | -0.69 (-0.75%) |
| Oct 17, 2025 | 91 | -0.69 (-0.75%) |
| Dec 19, 2025 | 92 | 0.31 (0.34%) |
| Jan 16, 2026 | 92 | 0.31 (0.34%) |
| Mar 20, 2026 | 91 | -0.69 (-0.75%) |
| Apr 17, 2026 | 91 | -0.69 (-0.75%) |