This page reflects BB options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — BB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $9.00 (0.42 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.36
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
70,598
Nearest expiry
Total Put OI
28,208
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$8.58
Published close
Consensus
-
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
$8.00
8/7/2026, 11:06:51 PM
2026-08-14
$8.00
8/14/2026, 11:07:02 PM
2026-08-21NextUpdated
$9.00
8/18/2026, 11:06:15 PM
2026-08-28
$10.00
8/18/2026, 11:06:15 PM
2026-09-04
$8.50
8/18/2026, 11:06:15 PM
2026-09-11
$8.50
8/18/2026, 11:06:15 PM
2026-09-18
$6.00
8/18/2026, 11:06:15 PM
2026-09-25
$8.50
8/18/2026, 11:06:15 PM
2026-10-02
$8.50
8/18/2026, 11:06:15 PM
2026-12-18
$7.00
8/18/2026, 11:06:15 PM
2027-01-15
$4.50
8/18/2026, 11:06:15 PM
2027-03-19
$8.00
8/18/2026, 11:06:15 PM
Selected expiration: 2026-08-21 at max pain $9.00.
BB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
20895700
20895700
2
16300
18074900
18091200
3
37600
15255200
15292800
4
59400
12435500
12494900
5
90500
9624100
9714600
5.5
143800
8227950
8371750
6
197250
6831900
7029150
6.5
269400
5588000
5857400
7
342300
4347400
4689700
7.5
458800
3235300
3694100
8
595050
2343200
2938250
8.5
765850
1739350
2505200
9
983100
1245850
2228950
9.5
1537700
907850
2445550
10
2347650
574950
2922600
10.5
3490300
370400
3860700
11
4668900
166150
4835050
11.5
5989150
121100
6110250
12
7313900
76100
7390000
12.5
9043650
44100
9087750
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.