Bausch Health Companies I... (BHC)
Bausch Health Companies Max Pain By Strike
BHC trades at $8.34, 39.0% above the near-term max pain of $6 expiring Aug 22, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($4-$10), signaling increased put positioning or downside protection. Key magnetic zone at 6 where 7 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Bausch Health Companies Max Pain By Expiry
Max pain for BHC shows a downward trend from 10 to 4, indicating bearish sentiment or hedging activity. The 96% spread signals divergent expectations across timeframes. Most levels below 8.34 may cap rallies. Strong magnetic level at 6 (7 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 22, 2025 | 6 | -2.34 (-28.06%) |
| Aug 29, 2025 | 6 | -2.34 (-28.06%) |
| Sep 5, 2025 | 4 | -4.34 (-52.04%) |
| Sep 12, 2025 | 6 | -2.34 (-28.06%) |
| Sep 19, 2025 | 6 | -2.34 (-28.06%) |
| Sep 26, 2025 | 5 | -3.34 (-40.05%) |
| Oct 17, 2025 | 6 | -2.34 (-28.06%) |
| Dec 19, 2025 | 7 | -1.34 (-16.07%) |
| Jan 16, 2026 | 6 | -2.34 (-28.06%) |
| Apr 17, 2026 | 6 | -2.34 (-28.06%) |
| Jan 15, 2027 | 7 | -1.34 (-16.07%) |
| Dec 17, 2027 | 10 | 1.66 (19.90%) |