Bank of N.T. Butterfield ... (NTB)
Bank of N.T. Butterfield & Son Max Pain By Strike
NTB trades at $43.7, 74.8% above the near-term max pain of $25 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($22.5-$40), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
Bank of N.T. Butterfield & Son Max Pain By Expiry
Max pain for NTB shows an upward trend from 22.5 to 40, suggesting bullish positioning in longer-dated options. The 57% spread signals divergent expectations across timeframes. Most levels below 43.7 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 | 25 | -18.70 (-42.79%) |
| Oct 17, 2025 | 40 | -3.70 (-8.47%) |
| Jan 16, 2026 | 35 | -8.70 (-19.91%) |
| Apr 17, 2026 | 22.5 | -21.20 (-48.51%) |