(TBIL)

TBIL trades at $49.92, pinned near the near-term max pain of $49 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$80), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TBIL shows a downward trend from 80 to 40, indicating bearish sentiment or hedging activity. The 83% spread signals divergent expectations across timeframes. Most levels below 49.92 may cap rallies. Strong magnetic level at 40 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.