This page reflects BAX 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 — BAX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $20.00 (2.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$0.40
±1.8%
Days to Expiry
8
Calendar days
Total Call OI
2,870
Nearest expiry
Total Put OI
194
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$22.65
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$14.00
6/26/2026, 11:05:06 PM
2026-07-02
$19.00
7/2/2026, 11:06:39 PM
2026-07-10NextUpdated
$20.00
7/3/2026, 11:04:58 PM
2026-07-17
$20.00
7/3/2026, 11:04:58 PM
2026-07-24
$19.50
7/3/2026, 11:04:58 PM
2026-07-31
$20.00
7/3/2026, 11:04:58 PM
2026-08-07
$22.00
7/3/2026, 11:04:58 PM
2026-08-21
$20.00
7/3/2026, 11:04:58 PM
2026-09-18
$20.00
7/3/2026, 11:04:58 PM
2026-11-20
$20.00
7/3/2026, 11:04:58 PM
2026-12-18
$20.00
7/3/2026, 11:04:58 PM
2027-01-15
$20.00
7/3/2026, 11:04:58 PM
2027-02-19
$17.50
7/3/2026, 11:04:58 PM
2027-03-19
$20.00
7/3/2026, 11:04:58 PM
Selected expiration: 2026-07-10 at max pain $20.00.
BAX pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
170800
170800
11
800
151400
152200
12
1700
132000
133700
16
5700
54400
60100
16.5
6200
45400
51600
17
6700
36700
43400
17.5
7200
28000
35200
18
7700
21100
28800
18.5
8200
15700
23900
19
8800
10350
19150
19.5
9500
5100
14600
20
10200
3400
13600
20.5
13000
2050
15050
21
136200
950
137150
21.5
262650
600
263250
22
403250
450
403700
22.5
544900
300
545200
23
687000
150
687150
23.5
829650
0
829650
24
972300
0
972300
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.