(BWX)
Max Pain By Strike
BWX trades at $22.82, 75.5% above the near-term max pain of $13 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($13-$25), 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 BWX shows a downward trend from 25 to 13, indicating bearish sentiment or hedging activity. The 57% spread signals divergent expectations across timeframes. Levels distributed around 22.82. 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 | 13 | -9.82 (-43.03%) |
| Oct 17, 2025 | 25 | 2.18 (9.55%) |
| Jan 16, 2026 | 24 | 1.18 (5.17%) |
| Apr 17, 2026 | 22 | -0.82 (-3.59%) |