(BTAL)
Max Pain By Strike
BTAL trades at $16.02, 5.8% below the near-term max pain of $17 expiring Sep 19, 2025 (7 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($12-$55), signaling increased put positioning or downside protection. Key magnetic zone at 17 where 2 expirations converge. 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 12, indicating bearish sentiment or hedging activity. The 184% spread signals divergent expectations across timeframes. Levels distributed around 16.02. 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 | 0.98 (6.08%) |
| Oct 17, 2025 | 17 | 0.98 (6.08%) |
| Dec 19, 2025 | 16 | -0.02 (-0.16%) |
| Jan 16, 2026 | 55 | 38.98 (243.21%) |
| Mar 20, 2026 | 12 | -4.02 (-25.12%) |