Bitcoin Covered Call Stra... (YBTC)
Bitcoin Covered Call Strategy ETF Max Pain By Strike
YBTC trades at $47.88, pinned near the near-term max pain of $47 expiring Sep 19, 2025 (27 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($40-$48), reflecting growing call interest at higher strikes. Key magnetic zone at 48 where 3 expirations converge.
Bitcoin Covered Call Strategy ETF Max Pain By Expiry
Max pain for YBTC shows an upward trend from 40 to 48, suggesting bullish positioning in longer-dated options. The 17% spread signals divergent expectations across timeframes. Levels distributed around 47.88. Strong magnetic level at 48 (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 | 47 | -0.88 (-1.84%) |
| Oct 17, 2025 | 48 | 0.12 (0.25%) |
| Dec 19, 2025 | 48 | 0.12 (0.25%) |
| Jan 16, 2026 | 40 | -7.88 (-16.46%) |
| Mar 20, 2026 | 48 | 0.12 (0.25%) |