Sierra Bancorp (BSRR)

BSRR trades at $29.03, 45.2% above the near-term max pain of $20 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$60), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for BSRR shows a downward trend from 60 to 20, indicating bearish sentiment or hedging activity. The 141% spread signals divergent expectations across timeframes. Most levels below 29.03 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.