Baxter International Inc. (BAX)
Baxter International Max Pain By Strike
BAX trades at $24.43, pinned near the near-term max pain of $24 expiring Sep 12, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($14-$55), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 6 expirations converge.
Baxter International Max Pain By Expiry
Max pain for BAX shows a downward trend from 55 to 14, indicating bearish sentiment or hedging activity. The 156% spread signals divergent expectations across timeframes. Levels distributed around 24.43. Strong magnetic level at 25 (6 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 12, 2025 | 24 | -0.43 (-1.74%) |
| Sep 19, 2025 | 25 | 0.57 (2.35%) |
| Sep 26, 2025 | 24 | -0.43 (-1.74%) |
| Oct 3, 2025 | 24 | -0.43 (-1.74%) |
| Oct 10, 2025 | 26 | 1.57 (6.45%) |
| Oct 17, 2025 | 25 | 0.57 (2.35%) |
| Oct 24, 2025 | 14 | -10.43 (-42.68%) |
| Nov 21, 2025 | 25 | 0.57 (2.35%) |
| Jan 16, 2026 | 30 | 5.57 (22.82%) |
| Feb 20, 2026 | 25 | 0.57 (2.35%) |
| Mar 20, 2026 | 27.5 | 3.07 (12.59%) |
| Jun 18, 2026 | 25 | 0.57 (2.35%) |
| Sep 18, 2026 | 25 | 0.57 (2.35%) |
| Dec 18, 2026 | 55 | 30.57 (125.18%) |
| Jan 15, 2027 | 20 | -4.43 (-18.12%) |