This page reflects BC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — BC
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $80.00 (1.26 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$6.60
±8.4%
Days to Expiry
28
Calendar days
Total Call OI
983
Nearest expiry
Total Put OI
720
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$78.74
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$70.00
4/17/2026, 11:06:17 PM
2026-05-15
$85.00
5/15/2026, 11:06:53 PM
2026-06-18NextUpdated
$80.00
5/21/2026, 11:05:32 PM
2026-09-18
$80.00
5/21/2026, 11:05:32 PM
2026-12-18
$85.00
5/21/2026, 11:05:32 PM
Selected expiration: 2026-06-18 at max pain $80.00.
BC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
2776000
2776000
35
0
2416000
2416000
40
0
2056000
2056000
45
0
1697500
1697500
50
0
1340000
1340000
55
0
985500
985500
60
0
633500
633500
65
0
287500
287500
70
6000
159000
165000
75
13000
61500
74500
80
26500
16500
43000
85
116500
1000
117500
90
246000
0
246000
95
394500
0
394500
100
807000
0
807000
105
1283500
0
1283500
110
1762500
0
1762500
120
2723500
0
2723500
125
3205000
0
3205000
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.