(BILS)
Max Pain By Strike
BILS trades at $99.34, 3.5% above the near-term max pain of $96 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($94-$101), signaling increased put positioning or downside protection. Key magnetic zone at 101 where 2 expirations converge.
Max Pain By Expiry
Max pain for BILS shows a downward trend from 101 to 94, indicating bearish sentiment or hedging activity. The 7% spread suggests strong consensus on fair value. Levels distributed around 99.34. 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 | 96 | -3.34 (-3.37%) |
| Oct 17, 2025 | 94 | -5.34 (-5.38%) |
| Jan 16, 2026 | 101 | 1.66 (1.67%) |
| Apr 17, 2026 | 101 | 1.66 (1.67%) |