B2Gold Corp. (BTG)
B2Gold Max Pain By Strike
BTG trades at $3.81, 8.9% above the near-term max pain of $3.5 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2-$95), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
B2Gold Max Pain By Expiry
Max pain for BTG shows a downward trend from 95 to 2, indicating bearish sentiment or hedging activity. The 517% spread signals divergent expectations across timeframes. Most levels below 3.81 may cap rallies. Strong magnetic level at 3 (3 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 | 3.5 | -0.31 (-8.26%) |
| Oct 17, 2025 | 2.5 | -1.31 (-34.47%) |
| Jan 16, 2026 | 2.5 | -1.31 (-34.47%) |
| Apr 17, 2026 | 2.5 | -1.31 (-34.47%) |
| Dec 18, 2026 | 95 | 91.19 (2390.17%) |
| Jan 15, 2027 | 2 | -1.81 (-47.58%) |