Black Hills Corporation (BKH)
Black Hills Max Pain By Strike
BKH trades at $59.69, pinned near the near-term max pain of $60 expiring Sep 19, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($60-$85), signaling increased put positioning or downside protection. Key magnetic zone at 60 where 4 expirations converge.
Black Hills Max Pain By Expiry
Max pain for BKH shows a downward trend from 85 to 60, indicating bearish sentiment or hedging activity. The 38% spread signals divergent expectations across timeframes. Most levels above 59.69 could support dips. Strong magnetic level at 60 (4 expirations). 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 | 60 | 0.31 (0.52%) |
| Oct 17, 2025 | 60 | 0.31 (0.52%) |
| Nov 21, 2025 | 60 | 0.31 (0.52%) |
| Jan 16, 2026 | 85 | 25.31 (42.40%) |
| Feb 20, 2026 | 60 | 0.31 (0.52%) |