ProShares - Short Bitcoin... (BITI)
ProShares - Short Bitcoin ETF Max Pain By Strike
BITI trades at $18.16, pinned near the near-term max pain of $18 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($16-$19), reflecting growing call interest at higher strikes. Key magnetic zone at 18 where 3 expirations converge.
ProShares - Short Bitcoin ETF Max Pain By Expiry
Max pain for BITI shows an upward trend from 16 to 19, suggesting bullish positioning in longer-dated options. The 17% spread signals divergent expectations across timeframes. Most levels below 18.16 may cap rallies. Strong magnetic level at 18 (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 | 18 | -0.16 (-0.91%) |
| Oct 17, 2025 | 19 | 0.84 (4.60%) |
| Dec 19, 2025 | 17 | -1.16 (-6.41%) |
| Jan 16, 2026 | 16 | -2.16 (-11.92%) |
| Mar 20, 2026 | 18 | -0.16 (-0.91%) |
| Jan 15, 2027 | 18 | -0.16 (-0.91%) |