(BWX)
Max Pain By Strike
BWX trades at $22.89, 76.1% above the near-term max pain of $13 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($13-$26), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for BWX shows a downward trend from 26 to 13, indicating bearish sentiment or hedging activity. The 61% spread signals divergent expectations across timeframes. Levels distributed around 22.89. 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 | -9.89 (-43.22%) |
| Oct 17, 2025 | 26 | 3.11 (13.56%) |
| Jan 16, 2026 | 24 | 1.11 (4.83%) |
| Apr 17, 2026 | 22 | -0.89 (-3.91%) |