Franklin BSP Realty Trust... (FBRT)
Franklin BSP Realty Trust Max Pain By Strike
FBRT trades at $11.02, pinned near the near-term max pain of $11 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($3-$12), signaling increased put positioning or downside protection. Key magnetic zone at 11 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Franklin BSP Realty Trust Max Pain By Expiry
Max pain for FBRT shows a downward trend from 12 to 3, indicating bearish sentiment or hedging activity. The 94% spread signals divergent expectations across timeframes. Most levels below 11.02 may cap rallies. Strong magnetic level at 11 (3 expirations). 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 |
|---|---|---|
| Aug 15, 2025 | 11 | -0.02 (-0.18%) |
| Sep 19, 2025 | 11 | -0.02 (-0.18%) |
| Oct 17, 2025 | 3 | -8.02 (-72.78%) |
| Nov 21, 2025 | 12 | 0.98 (8.89%) |
| Dec 19, 2025 | 11 | -0.02 (-0.18%) |
| Jan 16, 2026 | 9 | -2.02 (-18.33%) |
| Mar 20, 2026 | 10 | -1.02 (-9.26%) |