This page reflects BBWI 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 — BBWI
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $17.50 (0.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$0.75
±4.4%
Days to Expiry
2
Calendar days
Total Call OI
2,701
Nearest expiry
Total Put OI
1,960
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$16.88
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$18.50
5/8/2026, 11:04:48 PM
2026-05-15
$18.00
5/15/2026, 11:06:27 PM
2026-05-22NextUpdated
$17.50
5/20/2026, 11:07:10 PM
2026-05-29
$20.00
5/20/2026, 11:07:10 PM
2026-06-05
$18.00
5/20/2026, 11:07:10 PM
2026-06-12
$18.00
5/20/2026, 11:07:10 PM
2026-06-18
$22.50
5/20/2026, 11:07:10 PM
2026-06-26
$20.00
5/20/2026, 11:07:10 PM
2026-07-17
$15.00
5/20/2026, 11:07:10 PM
2026-08-21
$20.00
5/20/2026, 11:07:10 PM
2026-11-20
$20.00
5/20/2026, 11:07:10 PM
2026-12-18
$22.50
5/20/2026, 11:07:10 PM
2027-01-15
$22.50
5/20/2026, 11:07:10 PM
2027-03-19
$17.50
5/20/2026, 11:07:10 PM
Selected expiration: 2026-05-22 at max pain $17.50.
BBWI pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
1604150
1604150
10
100
1409150
1409250
11
300
1215250
1215550
12
800
1021350
1022150
13
1500
827450
828950
13.5
1900
730500
732400
14
2300
633550
635850
15
3100
442450
445550
15.5
3500
363650
367150
16
4000
288650
292650
16.5
4950
223850
228800
17
7200
165000
172200
17.5
28450
136450
164900
18
129800
112950
242750
18.5
233650
93550
327200
19
338150
74550
412700
19.5
448250
58400
506650
20
559550
42400
601950
20.5
678850
26900
705750
21
801100
11400
812500
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.