(BITO)
Max Pain By Strike
BITO trades at $19.14, 4.3% below the near-term max pain of $20 expiring Sep 5, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($19-$26), signaling increased put positioning or downside protection. Key magnetic zone at 21 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for BITO shows a downward trend from 26 to 19, indicating bearish sentiment or hedging activity. The 33% spread signals divergent expectations across timeframes. Most levels above 19.14 could support dips. Strong magnetic level at 21 (5 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 5, 2025 | 20 | 0.86 (4.52%) |
| Sep 12, 2025 | 20.5 | 1.36 (7.13%) |
| Sep 19, 2025 | 21 | 1.86 (9.75%) |
| Sep 26, 2025 | 20.5 | 1.36 (7.13%) |
| Sep 30, 2025 | 23 | 3.86 (20.20%) |
| Oct 3, 2025 | 22 | 2.86 (14.97%) |
| Oct 10, 2025 | 20 | 0.86 (4.52%) |
| Oct 17, 2025 | 20 | 0.86 (4.52%) |
| Dec 19, 2025 | 21 | 1.86 (9.75%) |
| Dec 31, 2025 | 22 | 2.86 (14.97%) |
| Jan 16, 2026 | 23 | 3.86 (20.20%) |
| Mar 20, 2026 | 24 | 4.86 (25.42%) |
| Mar 31, 2026 | 26 | 6.86 (35.88%) |
| Jun 30, 2026 | 21 | 1.86 (9.75%) |
| Jan 15, 2027 | 19 | -0.14 (-0.71%) |