This page reflects BBWI 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 — BBWI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (0.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$0.95
±4.7%
Days to Expiry
3
Calendar days
Total Call OI
4,986
Nearest expiry
Total Put OI
5,249
Nearest expiry
P/C OI Ratio
1.05
Put-heavy
Spot Price
$20.04
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
2026-08-07
$20.00
8/7/2026, 11:06:08 PM
2026-08-14
$19.50
8/14/2026, 11:07:03 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:06:21 PM
2026-08-28
$19.00
8/18/2026, 11:06:21 PM
2026-09-04
$18.00
8/18/2026, 11:06:21 PM
2026-09-11
$20.00
8/18/2026, 11:06:21 PM
2026-09-18
$20.00
8/18/2026, 11:06:21 PM
2026-09-25
$19.00
8/18/2026, 11:06:21 PM
2026-10-02
$18.00
8/18/2026, 11:06:21 PM
2026-11-20
$20.00
8/18/2026, 11:06:21 PM
2026-12-18
$20.00
8/18/2026, 11:06:21 PM
2027-01-15
$22.50
8/18/2026, 11:06:21 PM
2027-02-19
$20.00
8/18/2026, 11:06:21 PM
2027-03-19
$17.50
8/18/2026, 11:06:21 PM
2027-06-17
$17.50
8/18/2026, 11:06:21 PM
Selected expiration: 2026-08-21 at max pain $20.00.
BBWI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
7.5
0
5924250
5924250
9
450
5136900
5137350
10
1150
4612000
4613150
11
2550
4089400
4091950
12.5
4950
3305500
3310450
14
7350
2552800
2560150
15
9150
2051100
2060250
15.5
10750
1817850
1828600
16
12350
1584600
1596950
16.5
14100
1352600
1366700
17
15850
1123100
1138950
17.5
17650
903550
921200
18
48150
749200
797350
18.5
79700
621700
701400
19
113400
499750
613150
19.5
150800
384150
534950
20
198450
274600
473050
20.5
290250
237650
527900
21
389750
202100
591850
21.5
496450
168900
665350
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.