(BTAL)
Max Pain By Strike
BTAL trades at $16.54, 2.7% below the near-term max pain of $17 expiring Sep 19, 2025 (32 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($11-$55), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for BTAL shows a downward trend from 55 to 11, indicating bearish sentiment or hedging activity. The 198% spread signals divergent expectations across timeframes. Levels distributed around 16.54. 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 | 17 | 0.46 (2.81%) |
| Oct 17, 2025 | 11 | -5.54 (-33.47%) |
| Dec 19, 2025 | 16 | -0.54 (-3.24%) |
| Jan 16, 2026 | 55 | 38.47 (232.63%) |
| Mar 20, 2026 | 12 | -4.54 (-27.43%) |