Bank of Montreal (BMO)
Bank of Montreal Max Pain By Strike
BMO trades at $126.13, 9.7% above the near-term max pain of $115 expiring Sep 19, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($95-$115), reflecting growing call interest at higher strikes. Key magnetic zone at 115 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Bank of Montreal Max Pain By Expiry
Max pain for BMO shows an upward trend from 95 to 115, suggesting bullish positioning in longer-dated options. The 19% spread signals divergent expectations across timeframes. Most levels below 126.13 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 | 115 | -11.13 (-8.82%) |
| Oct 17, 2025 | 115 | -11.13 (-8.82%) |
| Dec 19, 2025 | 105 | -21.13 (-16.75%) |
| Jan 16, 2026 | 95 | -31.13 (-24.68%) |
| Mar 20, 2026 | 100 | -26.13 (-20.72%) |
| Jan 15, 2027 | 110 | -16.13 (-12.79%) |