(TBT)
Max Pain By Strike
TBT trades at $33.53, pinned near the near-term max pain of $34 expiring Sep 19, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($30-$36), reflecting growing call interest at higher strikes. Key magnetic zone at 34 where 2 expirations converge.
Max Pain By Expiry
Max pain for TBT shows an upward trend from 30 to 36, suggesting bullish positioning in longer-dated options. The 18% spread signals divergent expectations across timeframes. Levels distributed around 33.53. 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 | 34 | 0.47 (1.40%) |
| Oct 17, 2025 | 36 | 2.47 (7.37%) |
| Dec 19, 2025 | 33 | -0.53 (-1.58%) |
| Jan 16, 2026 | 34 | 0.47 (1.40%) |
| Mar 20, 2026 | 30 | -3.53 (-10.53%) |
| Jan 15, 2027 | 35 | 1.47 (4.38%) |