Bank of Montreal (BMO)
Bank of Montreal Max Pain By Strike
BMO trades at $114.11, pinned near the near-term max pain of $115 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($60-$115), signaling increased put positioning or downside protection. Key magnetic zone at 115 where 3 expirations converge.
Bank of Montreal Max Pain By Expiry
Max pain for BMO shows a downward trend from 115 to 60, indicating bearish sentiment or hedging activity. The 54% spread signals divergent expectations across timeframes. Levels distributed around 114.11. Strong magnetic level at 115 (3 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 |
|---|---|---|
| Aug 15, 2025 | 115 | 0.89 (0.78%) |
| Sep 19, 2025 | 115 | 0.89 (0.78%) |
| Oct 17, 2025 | 60 | -54.11 (-47.42%) |
| Dec 19, 2025 | 105 | -9.11 (-7.98%) |
| Jan 16, 2026 | 95 | -19.11 (-16.74%) |
| Mar 20, 2026 | 115 | 0.89 (0.78%) |
| Jan 15, 2027 | 110 | -4.11 (-3.60%) |