This page reflects BAP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — BAP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $340.00 (51.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$23.15
±5.9%
Days to Expiry
15
Calendar days
Total Call OI
382
Nearest expiry
Total Put OI
569
Nearest expiry
P/C OI Ratio
1.49
Put-heavy
Spot Price
$391.21
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$330.00
5/15/2026, 11:04:30 PM
2026-06-18
$330.00
6/18/2026, 11:05:44 PM
2026-07-17NextUpdated
$340.00
7/3/2026, 11:05:23 PM
2026-08-21
$340.00
7/3/2026, 11:05:23 PM
2026-11-20
$350.00
7/3/2026, 11:05:23 PM
2027-02-19
$390.00
7/3/2026, 11:05:23 PM
Selected expiration: 2026-07-17 at max pain $340.00.
BAP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
240
0
3405000
3405000
270
0
2388000
2388000
290
0
1710000
1710000
300
0
1373000
1373000
310
0
1038000
1038000
320
139000
844000
983000
330
283000
698000
981000
340
428000
552000
980000
350
573000
408000
981000
360
733000
303000
1036000
370
909000
201000
1110000
380
1235000
100000
1335000
390
1563000
0
1563000
400
1904000
0
1904000
410
2267000
0
2267000
420
2631000
0
2631000
430
3005000
0
3005000
450
3765000
0
3765000
460
4146000
0
4146000
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.