(BIV)
Max Pain By Strike
BIV trades at $77.23, 5.8% above the near-term max pain of $73 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($73-$75), indicating stable market expectations. Key magnetic zone at 75 where 2 expirations converge.
Max Pain By Expiry
Max pain for BIV shows stable levels around 74.25, reflecting balanced market expectations. The 3% spread suggests strong consensus on fair value. Most levels below 77.23 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 |
|---|---|---|
| Sep 19, 2025 | 73 | -4.23 (-5.48%) |
| Oct 17, 2025 | 75 | -2.23 (-2.89%) |
| Jan 16, 2026 | 75 | -2.23 (-2.89%) |
| Apr 17, 2026 | 74 | -3.23 (-4.19%) |