This page reflects BBNX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 6, 2026 close
Max Pain — BBNX
Data as of market close Jul 6, 2026
Nearest listed expiration 2026-07-17 shows max pain at $15.00 (1.72 below 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
±$2.40
±14.3%
Days to Expiry
11
Calendar days
Total Call OI
1,018
Nearest expiry
Total Put OI
127
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$16.72
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$7.50
5/15/2026, 11:04:41 PM
2026-06-18
$7.50
6/18/2026, 11:06:23 PM
2026-07-17NextUpdated
$15.00
7/6/2026, 11:05:58 PM
2026-10-16
$7.50
7/6/2026, 11:05:58 PM
2027-01-15
$5.00
7/6/2026, 11:05:58 PM
Selected expiration: 2026-07-17 at max pain $15.00.
BBNX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
339250
339250
7.5
0
275750
275750
10
5250
244000
249250
12.5
10500
212500
223000
15
24500
181500
206000
17.5
147000
151000
298000
20
295750
120500
416250
22.5
466000
90000
556000
25
637000
60000
697000
30
987500
0
987500
35
1477000
0
1477000
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.