(BILS)
Max Pain By Strike
BILS trades at $99.41, 3.6% above the near-term max pain of $96 expiring Sep 19, 2025 (26 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($94-$101), signaling increased put positioning or downside protection. Key magnetic zone at 101 where 2 expirations converge.
Max Pain By Expiry
Max pain for BILS shows a downward trend from 101 to 94, indicating bearish sentiment or hedging activity. The 7% spread suggests strong consensus on fair value. Levels distributed around 99.41. 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 | 96 | -3.41 (-3.43%) |
| Oct 17, 2025 | 94 | -5.41 (-5.44%) |
| Jan 16, 2026 | 101 | 1.59 (1.60%) |
| Apr 17, 2026 | 101 | 1.59 (1.60%) |