Options · BDX

GEX × Max Pain for BDX

AI-generated plain-English read of gex × max pain for BDX. Updated daily.

Damper regime around $209.19 — moves get absorbed. Magnets are loose, so direction isn't clear; expect chop without a strong external trigger.

What will probably happen

Short-term: dampers absorb moves. Expect range-bound trading until something meaningful breaks the structure.
Longer-dated OI is positioned for settlement at $165.00 (-21% from here) — gravitational pull down over weeks-to-months.

If you HOLD this stock: Add a hedge near $210.00 — that's the regime-flip line. Below it the structure stops protecting you and starts working against you. A put or stop just under is structurally informed.
If you TRADE this stock (no options): No clean directional setup from the structure. Wait for an external trigger (earnings, sector flow, news) before sizing.
If you trade OPTIONS: No edge from the structure alone — premium is fairly priced for the regime. Wait for tighter convergence or a clearer directional setup.

Clear regime, tight convergence, full term structure (7 expirations).

Technical details

Term: Term structure: max-gamma stays near $210.00 across the curve; max-pain drops from $190.00 to $165.00.
Regime: Damper regime is in place (positive net GEX of $3.26M), but the flip point at $210.00 is within 0.4% of spot — a small move puts us in the amplifier zone.
Structure: Spot $209.19; front-week magnet at $210.00 (max-gamma) and $190.00 (max-pain).
Convergence: Same-side bias but loose: max-gamma at $210.00, max-pain at $190.00. The magnets agree on direction but disagree on magnitude — directional conviction is weaker than a tight convergence.