Baxter International Inc. (BAX)
Baxter International Max Pain By Strike
BAX trades at $24.16, 5.0% above the near-term max pain of $23 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$55), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 3 expirations converge.
Baxter International Max Pain By Expiry
Max pain for BAX shows a downward trend from 55 to 12.5, indicating bearish sentiment or hedging activity. The 163% spread signals divergent expectations across timeframes. Levels distributed around 24.16. Strong magnetic level at 23 (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 |
|---|---|---|
| Aug 15, 2025 | 23 | -1.16 (-4.78%) |
| Aug 22, 2025 | 23 | -1.16 (-4.78%) |
| Aug 29, 2025 | 23 | -1.16 (-4.78%) |
| Sep 5, 2025 | 24 | -0.16 (-0.64%) |
| Sep 12, 2025 | 22 | -2.16 (-8.92%) |
| Sep 19, 2025 | 27.5 | 3.34 (13.85%) |
| Sep 26, 2025 | 24 | -0.16 (-0.64%) |
| Oct 17, 2025 | 12.5 | -11.66 (-48.25%) |
| Nov 21, 2025 | 25 | 0.84 (3.50%) |
| Jan 16, 2026 | 30 | 5.84 (24.20%) |
| Feb 20, 2026 | 25 | 0.84 (3.50%) |
| Mar 20, 2026 | 30 | 5.84 (24.20%) |
| Jun 18, 2026 | 25 | 0.84 (3.50%) |
| Sep 18, 2026 | 27.5 | 3.34 (13.85%) |
| Dec 18, 2026 | 55 | 30.84 (127.70%) |
| Jan 15, 2027 | 20 | -4.16 (-17.20%) |