(BUG)
Max Pain By Strike
BUG trades at $33.74, 2.2% above the near-term max pain of $33 expiring Sep 19, 2025 (8 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($32-$40), signaling increased put positioning or downside protection. Key magnetic zone at 33 where 2 expirations converge.
Max Pain By Expiry
Max pain for BUG shows a downward trend from 40 to 32, indicating bearish sentiment or hedging activity. The 23% spread signals divergent expectations across timeframes. Levels distributed around 33.74. 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 | 33 | -0.74 (-2.19%) |
| Oct 17, 2025 | 32 | -1.74 (-5.16%) |
| Dec 19, 2025 | 33 | -0.74 (-2.19%) |
| Jan 16, 2026 | 40 | 6.26 (18.55%) |
| Mar 20, 2026 | 34 | 0.26 (0.77%) |