(BUG)
Max Pain By Strike
BUG trades at $33.46, 4.6% above the near-term max pain of $32 expiring Sep 19, 2025 (33 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($23-$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 23, indicating bearish sentiment or hedging activity. The 53% spread signals divergent expectations across timeframes. Most levels below 33.46 may cap rallies. 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 | 32 | -1.46 (-4.36%) |
| Oct 17, 2025 | 23 | -10.46 (-31.26%) |
| Dec 19, 2025 | 33 | -0.46 (-1.37%) |
| Jan 16, 2026 | 40 | 6.54 (19.55%) |
| Mar 20, 2026 | 33 | -0.46 (-1.37%) |