(BWX)
Max Pain By Strike
BWX trades at $23.06, 77.4% above the near-term max pain of $13 expiring Sep 19, 2025 (8 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($13-$23), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 2 expirations converge.
Max Pain By Expiry
Max pain for BWX shows a downward trend from 23 to 13, indicating bearish sentiment or hedging activity. The 49% spread signals divergent expectations across timeframes. Most levels below 23.06 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 | 13 | -10.06 (-43.63%) |
| Oct 17, 2025 | 23 | -0.06 (-0.26%) |
| Jan 16, 2026 | 23 | -0.06 (-0.26%) |
| Apr 17, 2026 | 22 | -1.06 (-4.60%) |