Options · GBTC

GEX × Max Pain for GBTC

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

Damper regime around $59.12 — 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 $50.00 (-15% from here) — gravitational pull down over weeks-to-months.

If you HOLD this stock: No structural action needed. Dampers are protecting you this week.
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.

magnets agree on direction but spread is wide; 1 data-quality caveat(s)

Technical details

Structure: Spot $59.12; front-week magnet at $65.00 (max-gamma) and $60.00 (max-pain).
Regime: Net GEX is positive ($52.9K) and spot sits comfortably above the flip point at $55.00 — dealers are net long gamma, hedging activity DAMPENS moves.
Convergence: Same-side bias but loose: max-gamma at $65.00, max-pain at $60.00. The magnets agree on direction but disagree on magnitude — directional conviction is weaker than a tight convergence.
Term: Term structure: max-gamma climbs from $65.00 (front) to $95.00 (longest-dated); max-pain drops from $60.00 to $50.00; the flip point recedes from spot in longer-dated rows (more damper buffer).

One mid-curve expiration carries >5× the front-week dollar GEX — single-position concentration risk; signal is more vulnerable to unwinds.