(BITB)
Max Pain By Strike
BITB trades at $63.59, 6.0% above the near-term max pain of $60 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$85), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for BITB shows a downward trend from 85 to 25, indicating bearish sentiment or hedging activity. The 109% spread signals divergent expectations across timeframes. Most levels below 63.59 may cap rallies. 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 | 60 | -3.59 (-5.65%) |
| Sep 19, 2025 | 54 | -9.59 (-15.08%) |
| Oct 17, 2025 | 53 | -10.59 (-16.65%) |
| Dec 19, 2025 | 57 | -6.59 (-10.36%) |
| Jan 16, 2026 | 50 | -13.59 (-21.37%) |
| Mar 20, 2026 | 85 | 21.41 (33.67%) |
| Jan 15, 2027 | 25 | -38.59 (-60.69%) |