This page reflects BBWI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — BBWI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $20.50 (1.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.50
Nearest expiry
Expected Move
±$1.38
±6.3%
Days to Expiry
8
Calendar days
Total Call OI
618
Nearest expiry
Total Put OI
3,431
Nearest expiry
P/C OI Ratio
5.55
Put-heavy
Spot Price
$21.96
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$19.50
6/26/2026, 11:05:31 PM
2026-07-02
$20.00
7/2/2026, 11:07:04 PM
2026-07-10NextUpdated
$20.50
7/3/2026, 11:05:11 PM
2026-07-17
$20.00
7/3/2026, 11:05:11 PM
2026-07-24
$20.00
7/3/2026, 11:05:11 PM
2026-07-31
$18.00
7/3/2026, 11:05:11 PM
2026-08-07
$23.00
7/3/2026, 11:05:11 PM
2026-08-21
$20.00
7/3/2026, 11:05:11 PM
2026-09-18
$20.00
7/3/2026, 11:05:11 PM
2026-11-20
$20.00
7/3/2026, 11:05:11 PM
2026-12-18
$20.00
7/3/2026, 11:05:11 PM
2027-01-15
$22.50
7/3/2026, 11:05:11 PM
2027-03-19
$17.50
7/3/2026, 11:05:11 PM
2027-06-17
$17.50
7/3/2026, 11:05:11 PM
Selected expiration: 2026-07-10 at max pain $20.50.
BBWI pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
3749500
3749500
10
0
3406400
3406400
11
1200
3063300
3064500
12
2400
2720200
2722600
13
3700
2377100
2380800
14
5000
2034400
2039400
15
6400
1692800
1699200
16
7800
1353800
1361600
17
9200
1017100
1026300
17.5
9900
849100
859000
18
10600
681150
691750
18.5
11650
514750
526400
19
12700
348500
361200
19.5
14550
183050
197600
20
16500
17950
34450
20.5
20900
13450
34350
21
25400
9600
35000
21.5
31250
6700
37950
22
40350
4350
44700
22.5
51950
2250
54200
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.