Western Alliance Bancorpo... (WAL)
Western Alliance Bancorporation Max Pain By Strike
WAL trades at $83.87, pinned near the near-term max pain of $85 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($37.5-$410), signaling increased put positioning or downside protection. Key magnetic zone at 85 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Western Alliance Bancorporation Max Pain By Expiry
Max pain for WAL shows a downward trend from 410 to 37.5, indicating bearish sentiment or hedging activity. The 362% spread signals divergent expectations across timeframes. Levels distributed around 83.87. 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 | 85 | 1.13 (1.35%) |
| Sep 19, 2025 | 77.5 | -6.37 (-7.60%) |
| Oct 17, 2025 | 55 | -28.87 (-34.42%) |
| Dec 19, 2025 | 80 | -3.87 (-4.61%) |
| Jan 16, 2026 | 65 | -18.87 (-22.50%) |
| Mar 20, 2026 | 85 | 1.13 (1.35%) |
| Jul 17, 2026 | 75 | -8.87 (-10.58%) |
| Dec 18, 2026 | 410 | 326.13 (388.85%) |
| Jan 15, 2027 | 60 | -23.87 (-28.46%) |
| Dec 17, 2027 | 37.5 | -46.37 (-55.29%) |