This page reflects BCE 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 — BCE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $23.00 (1.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.00
Nearest expiry
Expected Move
±$1.30
±6.1%
Days to Expiry
15
Calendar days
Total Call OI
2,569
Nearest expiry
Total Put OI
20,746
Nearest expiry
P/C OI Ratio
8.08
Put-heavy
Spot Price
$21.42
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$24.00
5/15/2026, 11:05:55 PM
2026-06-18
$24.00
6/18/2026, 11:06:29 PM
2026-07-17NextUpdated
$23.00
7/3/2026, 11:05:09 PM
2026-08-21
$24.00
7/3/2026, 11:05:09 PM
2026-09-18
$25.00
7/3/2026, 11:05:09 PM
2026-12-18
$23.00
7/3/2026, 11:05:09 PM
2027-01-15
$25.00
7/3/2026, 11:05:09 PM
Selected expiration: 2026-07-17 at max pain $23.00.
BCE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
20675000
20675000
15
0
16525800
16525800
16
0
14451800
14451800
17
0
12377800
12377800
18
100
10303800
10303900
19
200
8229900
8230100
20
300
6156300
6156600
21
2300
4095500
4097800
22
4300
2040100
2044400
23
17500
17000
34500
24
42100
4500
46600
25
171300
2000
173300
26
344700
1500
346200
27
542900
1000
543900
28
769500
500
770000
29
1025800
0
1025800
30
1282100
0
1282100
31
1538400
0
1538400
35
2563600
0
2563600
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.