This page reflects BBY 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 — BBY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $82.50 (4.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$82.50
Nearest expiry
Expected Move
±$2.25
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
10,375
Nearest expiry
Total Put OI
14,676
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$87.27
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
$83.00
8/7/2026, 11:05:22 PM
2026-08-14
$82.00
8/14/2026, 11:05:28 PM
2026-08-21NextUpdated
$82.50
8/18/2026, 11:06:13 PM
2026-08-28
$83.00
8/18/2026, 11:06:13 PM
2026-09-04
$85.00
8/18/2026, 11:06:13 PM
2026-09-11
$80.00
8/18/2026, 11:06:13 PM
2026-09-18
$80.00
8/18/2026, 11:06:13 PM
2026-09-25
$80.00
8/18/2026, 11:06:13 PM
2026-10-16
$85.00
8/18/2026, 11:06:13 PM
2026-12-18
$75.00
8/18/2026, 11:06:13 PM
2027-01-15
$75.00
8/18/2026, 11:06:13 PM
2027-03-19
$70.00
8/18/2026, 11:06:13 PM
2027-06-17
$85.00
8/18/2026, 11:06:13 PM
Selected expiration: 2026-08-21 at max pain $82.50.
BBY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
51514250
51514250
45
0
47850750
47850750
47.5
0
44187250
44187250
50
0
40524000
40524000
52.5
0
36872500
36872500
55
0
33221000
33221000
57.5
0
29599500
29599500
60
0
26000250
26000250
62.5
0
22425000
22425000
65
13000
18898000
18911000
67.5
30500
15523000
15553500
70
69000
12420500
12489500
72
147200
10061300
10208500
72.5
166750
9472000
9638750
73
220750
8892550
9113300
74
328750
7736050
8064800
75
436950
6582350
7019300
76
574250
5522250
6096500
77
721750
4513250
5235000
77.5
795900
4019100
4815000
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.