This page reflects BBIO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — BBIO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (3.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$7.42
±10.9%
Days to Expiry
29
Calendar days
Total Call OI
1,858
Nearest expiry
Total Put OI
1,983
Nearest expiry
P/C OI Ratio
1.07
Put-heavy
Spot Price
$68.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$67.50
4/17/2026, 11:05:31 PM
2026-05-15
$67.50
5/15/2026, 11:05:07 PM
2026-06-18NextUpdated
$65.00
5/20/2026, 11:05:00 PM
2026-07-17
$60.00
5/20/2026, 11:05:00 PM
2026-08-21
$75.00
5/20/2026, 11:05:00 PM
2026-11-20
$65.00
5/20/2026, 11:05:00 PM
2027-01-15
$55.00
5/20/2026, 11:05:00 PM
2027-02-19
$45.00
5/20/2026, 11:05:00 PM
Selected expiration: 2026-06-18 at max pain $65.00.
BBIO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
3077500
3077500
55
17500
2086000
2103500
60
40000
1101000
1141000
62.5
52000
764500
816500
65
150250
432750
583000
67.5
364000
220250
584250
70
584500
17750
602250
72.5
843000
11750
854750
75
1114250
7750
1122000
77.5
1407250
3750
1411000
80
1737750
0
1737750
82.5
2149250
0
2149250
85
2606750
0
2606750
87.5
3068500
0
3068500
90
3530500
0
3530500
110
7244500
0
7244500
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.