This page reflects BBAR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — BBAR
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $15.00 (2.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$2.45
±19.8%
Days to Expiry
14
Calendar days
Total Call OI
5,062
Nearest expiry
Total Put OI
5,743
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$12.38
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$19.00
8/21/2026, 11:05:40 PM
2026-09-18
$15.00
9/18/2026, 11:06:05 PM
2026-10-16NextUpdated
$15.00
10/2/2026, 11:05:15 PM
2026-11-20
$15.00
10/2/2026, 11:05:15 PM
2027-01-15
$16.00
10/2/2026, 11:05:15 PM
2027-04-16
$12.00
10/2/2026, 11:05:15 PM
Selected expiration: 2026-10-16 at max pain $15.00.
BBAR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
3791500
3791500
5
0
2642900
2642900
7
0
2048500
2048500
8
0
1751300
1751300
9
100
1454100
1454200
10
200
1156900
1157100
11
2800
859700
862500
12
5400
562500
567900
13
21200
278900
300100
14
38000
92900
130900
15
54800
49500
104300
16
84000
41300
125300
17
324000
33600
357600
18
713300
25900
739200
19
1102600
18800
1121400
20
1514300
11700
1526000
21
1926000
9000
1935000
22
2338200
6300
2344500
23
2782400
4200
2786600
24
3226900
2100
3229000
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.