This page reflects BAX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — BAX
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $17.50 (1.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$0.38
±2.0%
Days to Expiry
1
Calendar days
Total Call OI
1,218
Nearest expiry
Total Put OI
3,022
Nearest expiry
P/C OI Ratio
2.48
Put-heavy
Spot Price
$19.03
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$17.50
5/8/2026, 11:04:46 PM
2026-05-15
$18.00
5/15/2026, 11:06:52 PM
2026-05-22NextUpdated
$17.50
5/21/2026, 11:06:26 PM
2026-05-29
$17.50
5/21/2026, 11:06:26 PM
2026-06-05
$18.00
5/21/2026, 11:06:26 PM
2026-06-12
$17.00
5/21/2026, 11:06:26 PM
2026-06-18
$17.50
5/21/2026, 11:06:26 PM
2026-06-26
$18.00
5/21/2026, 11:06:26 PM
2026-07-17
$17.50
5/21/2026, 11:06:26 PM
2026-08-21
$20.00
5/21/2026, 11:06:26 PM
2026-09-18
$20.00
5/21/2026, 11:06:26 PM
2026-11-20
$17.50
5/21/2026, 11:06:26 PM
2026-12-18
$20.00
5/21/2026, 11:06:26 PM
2027-01-15
$20.00
5/21/2026, 11:06:26 PM
2027-03-19
$17.50
5/21/2026, 11:06:26 PM
Selected expiration: 2026-05-22 at max pain $17.50.
BAX pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
1512650
1512650
10
400
1211150
1211550
11
1000
909750
910750
12
1600
608450
610050
12.5
3450
508050
511500
13
5500
430900
436400
13.5
7800
354050
361850
14
10300
277450
287750
14.5
13000
222400
235400
15
15750
173800
189550
15.5
18750
126050
144800
16
21850
83250
105100
16.5
24950
42050
67000
17
28600
19600
48200
17.5
34150
5100
39250
18
43250
3150
46400
18.5
69850
2250
72100
19
112100
1900
114000
19.5
164850
1550
166400
20
217900
1250
219150
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.