Biohaven Ltd. (BHVN)
Biohaven Max Pain By Strike
BHVN trades at $15.76, 26.1% above the near-term max pain of $12.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$22.5), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 5 expirations converge.
Biohaven Max Pain By Expiry
Max pain for BHVN shows a downward trend from 22.5 to 2.5, indicating bearish sentiment or hedging activity. The 138% spread signals divergent expectations across timeframes. Most levels below 15.76 may cap rallies. Strong magnetic level at 15 (5 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 | 12.5 | -3.26 (-20.66%) |
| Sep 19, 2025 | 15 | -0.76 (-4.79%) |
| Oct 17, 2025 | 15 | -0.76 (-4.79%) |
| Nov 21, 2025 | 17.5 | 1.74 (11.08%) |
| Dec 19, 2025 | 15 | -0.76 (-4.79%) |
| Jan 16, 2026 | 15 | -0.76 (-4.79%) |
| Apr 17, 2026 | 2.5 | -13.26 (-84.13%) |
| Dec 18, 2026 | 22.5 | 6.74 (42.81%) |
| Jan 15, 2027 | 15 | -0.76 (-4.79%) |