Sierra Bancorp (BSRR)
Sierra Bancorp Max Pain By Strike
BSRR trades at $30.94, 23.8% above the near-term max pain of $25 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$60), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Sierra Bancorp Max Pain By Expiry
Max pain for BSRR shows a downward trend from 60 to 20, indicating bearish sentiment or hedging activity. The 133% spread signals divergent expectations across timeframes. Most levels below 30.94 may cap rallies. 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 | 25 | -5.94 (-19.20%) |
| Oct 17, 2025 | 22.5 | -8.44 (-27.28%) |
| Dec 19, 2025 | 20 | -10.94 (-35.36%) |
| Jan 16, 2026 | 60 | 29.06 (93.92%) |
| Mar 20, 2026 | 22.5 | -8.44 (-27.28%) |