This page reflects BBD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — BBD
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $3.50 (0.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3.50
Nearest expiry
Expected Move
±$0.40
±9.2%
Days to Expiry
11
Calendar days
Total Call OI
23,587
Nearest expiry
Total Put OI
6,209
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$4.33
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
$2.50
8/21/2026, 11:05:14 PM
2026-09-18
$3.00
9/18/2026, 11:06:28 PM
2026-10-16NextUpdated
$3.50
10/5/2026, 11:06:07 PM
2026-11-20
$3.50
10/5/2026, 11:06:07 PM
2026-12-18
$3.50
10/5/2026, 11:06:07 PM
2027-01-15
$3.50
10/5/2026, 11:06:07 PM
2027-02-19
$3.50
10/5/2026, 11:06:07 PM
2027-03-19
$3.50
10/5/2026, 11:06:07 PM
2027-06-17
$2.50
10/5/2026, 11:06:07 PM
Selected expiration: 2026-10-16 at max pain $3.50.
BBD pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1861450
1861450
1
0
1551000
1551000
1.5
50
1240550
1240600
2
100
930100
930200
2.5
150
619650
619800
3
550
309600
310150
3.5
1900
1100
3000
4
656400
550
656950
4.5
1835450
150
1835600
5
3014550
50
3014600
5.5
4193650
0
4193650
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.