(BIL)

BIL trades at $91.5, pinned near the near-term max pain of $91 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($80-$92), signaling increased put positioning or downside protection. Key magnetic zone at 91 where 3 expirations converge.

Max pain for BIL shows a downward trend from 92 to 80, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Levels distributed around 91.5. Strong magnetic level at 91 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.