Sierra Bancorp (BSRR)

BSRR trades at $28.83, 28.1% above the near-term max pain of $22.5 expiring Oct 17, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22.5-$60), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 3 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 22.5, indicating bearish sentiment or hedging activity. The 123% spread signals divergent expectations across timeframes. Most levels below 28.83 may cap rallies. Strong magnetic level at 23 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.