Banco Bilbao Vizcaya Arge... (BBVA)
Banco Bilbao Vizcaya Argentaria S.A. Max Pain By Strike
BBVA trades at $18.64, 6.8% below the near-term max pain of $20 expiring Sep 19, 2025 (10 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($12.5-$20), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Banco Bilbao Vizcaya Argentaria S.A. Max Pain By Expiry
Max pain for BBVA shows a downward trend from 20 to 12.5, indicating bearish sentiment or hedging activity. The 44% spread signals divergent expectations across timeframes. Levels distributed around 18.64. 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 | 20 | 1.36 (7.30%) |
| Oct 17, 2025 | 15 | -3.64 (-19.53%) |
| Jan 16, 2026 | 12.5 | -6.14 (-32.94%) |
| Apr 17, 2026 | 20 | 1.36 (7.30%) |