Nearest listed expiration 2026-08-21 shows max pain at $60.00 (3.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$1.08
±1.7%
Days to Expiry
4
Calendar days
Total Call OI
129,001
Nearest expiry
Total Put OI
106,483
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$63.89
Published close
Consensus
8.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$61.00
8/7/2026, 11:05:50 PM
2026-08-14
$63.00
8/14/2026, 11:07:01 PM
2026-08-21NextUpdated
$60.00
8/17/2026, 11:06:22 PM
2026-08-28
$61.00
8/17/2026, 11:06:22 PM
2026-09-04
$62.00
8/17/2026, 11:06:22 PM
2026-09-11
$62.00
8/17/2026, 11:06:22 PM
2026-09-18
$55.00
8/17/2026, 11:06:22 PM
2026-09-25
$62.00
8/17/2026, 11:06:22 PM
2026-10-02
$65.00
8/17/2026, 11:06:22 PM
2026-10-16
$60.00
8/17/2026, 11:06:22 PM
2026-11-20
$60.00
8/17/2026, 11:06:22 PM
2026-12-18
$50.00
8/17/2026, 11:06:22 PM
2027-01-15
$50.00
8/17/2026, 11:06:22 PM
2027-02-19
$60.00
8/17/2026, 11:06:22 PM
2027-03-19
$57.50
8/17/2026, 11:06:22 PM
2027-04-16
$55.00
8/17/2026, 11:06:22 PM
2027-06-17
$50.00
8/17/2026, 11:06:22 PM
2027-07-16
$55.00
8/17/2026, 11:06:22 PM
Selected expiration: 2026-08-21 at max pain $60.00.
BAC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
253574700
253574700
35
6500
200626200
200632700
36
9200
190140300
190149500
37
13000
179654400
179667400
38
17300
169180100
169197400
39
28500
158710200
158738700
40
40500
148249300
148289800
41
58800
138218900
138277700
42
78400
128201800
128280200
43
98700
118320000
118418700
44
122500
108498100
108620600
45
147100
99179100
99326200
46
189600
90961400
91151000
47
233800
82839200
83073000
48
282700
74869300
75152000
49
340600
67525000
67865600
50
404100
60275000
60679100
51
991600
53878900
54870500
52
1582700
47514100
49096800
52.5
1881150
44337650
46218800
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.