This page reflects BBIO 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 — BBIO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (12.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$3.12
±3.8%
Days to Expiry
3
Calendar days
Total Call OI
7,434
Nearest expiry
Total Put OI
5,048
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$82.98
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
2026-06-18
$65.00
6/18/2026, 11:06:23 PM
2026-07-17
$67.50
7/17/2026, 11:06:28 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:06:26 PM
2026-09-18
$75.00
8/18/2026, 11:06:26 PM
2026-11-20
$65.00
8/18/2026, 11:06:26 PM
2027-01-15
$62.50
8/18/2026, 11:06:26 PM
2027-02-19
$45.00
8/18/2026, 11:06:26 PM
2027-03-19
$42.50
8/18/2026, 11:06:26 PM
Selected expiration: 2026-08-21 at max pain $70.00.
BBIO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
17309500
17309500
37.5
1250
16047500
16048750
40
2750
14785500
14788250
45
15750
12261500
12277250
47.5
22250
10999500
11021750
50
29250
9737500
9766750
55
55750
7515500
7571250
57.5
69000
6410750
6479750
60
82250
5306000
5388250
62.5
96000
4210750
4306750
65
145000
3120500
3265500
67.5
302250
2070000
2372250
70
594000
1064500
1658500
72.5
1014000
782000
1796000
75
1562750
503500
2066250
77.5
2252500
307000
2559500
80
2984000
131750
3115750
82.5
3839750
61000
3900750
85
4757750
32750
4790500
87.5
5770250
15250
5785500
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.