(BND)
Max Pain By Strike
BND trades at $74.67, 2.3% above the near-term max pain of $73 expiring Sep 19, 2025 (8 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($7.5-$74), reflecting growing call interest at higher strikes. Key magnetic zone at 73 where 2 expirations converge.
Max Pain By Expiry
Max pain for BND shows an upward trend from 7.5 to 74, suggesting bullish positioning in longer-dated options. The 111% spread signals divergent expectations across timeframes. Most levels below 74.67 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 | -1.67 (-2.23%) |
| Oct 17, 2025 | 74 | -0.67 (-0.89%) |
| Dec 19, 2025 | 73 | -1.67 (-2.23%) |
| Jan 16, 2026 | 7.5 | -67.17 (-89.96%) |
| Mar 20, 2026 | 71 | -3.67 (-4.91%) |