This page reflects BCE 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 — BCE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $24.00 (0.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$1.10
±4.5%
Days to Expiry
29
Calendar days
Total Call OI
5,038
Nearest expiry
Total Put OI
903
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$24.17
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
$25.00
4/17/2026, 11:05:21 PM
2026-05-15
$24.00
5/15/2026, 11:05:55 PM
2026-06-18NextUpdated
$24.00
5/20/2026, 11:05:26 PM
2026-07-17
$24.00
5/20/2026, 11:05:26 PM
2026-09-18
$23.00
5/20/2026, 11:05:26 PM
2026-12-18
$22.00
5/20/2026, 11:05:26 PM
2027-01-15
$25.00
5/20/2026, 11:05:26 PM
Selected expiration: 2026-06-18 at max pain $24.00.
BCE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
732900
732900
18
0
463200
463200
19
0
373800
373800
20
0
284700
284700
21
200
207300
207500
22
1900
133200
135100
23
7600
68400
76000
24
16100
19700
35800
25
155700
1400
157100
26
533500
1000
534500
27
991400
600
992000
28
1475600
400
1476000
29
1971400
200
1971600
30
2472900
0
2472900
31
2974400
0
2974400
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.