Biohaven Ltd. (BHVN)

BHVN trades at $15.81, 26.5% above the near-term max pain of $12.5 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($10-$15), reflecting growing call interest at higher strikes. Key magnetic zone at 15 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for BHVN shows an upward trend from 10 to 15, suggesting bullish positioning in longer-dated options. The 36% spread signals divergent expectations across timeframes. Most levels below 15.81 may cap rallies. Strong magnetic level at 15 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.