(BTAL)
Max Pain By Strike
BTAL trades at $17.1, pinned near the near-term max pain of $17 expiring Sep 19, 2025 (29 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($11-$55), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for BTAL shows a downward trend from 55 to 11, indicating bearish sentiment or hedging activity. The 198% spread signals divergent expectations across timeframes. Most levels below 17.1 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 | 17 | -0.10 (-0.58%) |
| Oct 17, 2025 | 11 | -6.10 (-35.67%) |
| Dec 19, 2025 | 16 | -1.10 (-6.43%) |
| Jan 16, 2026 | 55 | 37.90 (221.64%) |
| Mar 20, 2026 | 12 | -5.10 (-29.82%) |