Business First Bancshares... (BFST)
Business First Bancshares Max Pain By Strike
BFST trades at $23.78, 58.5% above the near-term max pain of $15 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$25), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Business First Bancshares Max Pain By Expiry
Max pain for BFST shows a downward trend from 25 to 15, indicating bearish sentiment or hedging activity. The 46% spread signals divergent expectations across timeframes. Levels distributed around 23.78. 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 | 15 | -8.78 (-36.92%) |
| Oct 17, 2025 | 25 | 1.22 (5.13%) |
| Jan 16, 2026 | 25 | 1.22 (5.13%) |
| Apr 17, 2026 | 22.5 | -1.28 (-5.38%) |