This page reflects BANF options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — BANF
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $110.00 (1.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$3.18
±2.9%
Days to Expiry
29
Calendar days
Total Call OI
127
Nearest expiry
Total Put OI
6
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$111.04
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$105.00
4/17/2026, 11:06:15 PM
2026-05-15
$65.00
5/15/2026, 11:05:46 PM
2026-06-18NextUpdated
$110.00
5/20/2026, 11:04:43 PM
2026-09-18
$115.00
5/20/2026, 11:04:43 PM
2026-12-18
$75.00
5/20/2026, 11:04:43 PM
Selected expiration: 2026-06-18 at max pain $110.00.
BANF pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
21500
21500
85
2000
9500
11500
90
2500
7000
9500
100
3500
5000
8500
110
4500
3000
7500
115
5000
2500
7500
120
5500
2000
7500
125
15500
1500
17000
130
77000
1000
78000
135
138500
500
139000
140
200000
0
200000
145
262000
0
262000
150
324500
0
324500
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.