Banco Bilbao Vizcaya ArgentariaClose $26.98EOD only
Max Pain
$30.00
Next expiry Oct 16, 2026
Expected Move
±$1.90
7.0% from close
Price Gap
+3.02
Distance to max pain
IV Rank
24
Low premium
P/C OI
2.78
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects BBVA 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 — BBVA
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $30.00 (3.02 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.90
±7.0%
Days to Expiry
14
Calendar days
Total Call OI
992
Nearest expiry
Total Put OI
1,370
Nearest expiry
P/C OI Ratio
1.38
Put-heavy
Spot Price
$26.98
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
$25.00
8/21/2026, 11:06:49 PM
2026-09-18
$25.00
9/18/2026, 11:05:16 PM
2026-10-16NextUpdated
$30.00
10/2/2026, 11:05:47 PM
2027-01-15
$25.00
10/2/2026, 11:05:47 PM
2027-04-16
$25.00
10/2/2026, 11:05:47 PM
Selected expiration: 2026-10-16 at max pain $30.00.
BBVA pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
1386500
1386500
15
250
1044000
1044250
17.5
500
702500
703000
20
1500
529000
530500
22.5
2500
369250
371750
25
11500
209500
221000
30
220000
0
220000
35
692000
0
692000
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.