(BBAX)
Max Pain By Strike
BBAX trades at $57.4, 17.1% above the near-term max pain of $49 expiring Sep 19, 2025 (7 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($47-$52), 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 BBAX shows a downward trend from 52 to 47, indicating bearish sentiment or hedging activity. The 10% spread signals divergent expectations across timeframes. Most levels below 57.4 may cap rallies. 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 | 49 | -8.40 (-14.63%) |
| Oct 17, 2025 | 51 | -6.40 (-11.14%) |
| Jan 16, 2026 | 47 | -10.40 (-18.11%) |
| Apr 17, 2026 | 52 | -5.40 (-9.40%) |