This page reflects BCE 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 — BCE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.00 (1.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$1.18
±5.0%
Days to Expiry
3
Calendar days
Total Call OI
1,114
Nearest expiry
Total Put OI
6,389
Nearest expiry
P/C OI Ratio
5.74
Put-heavy
Spot Price
$23.36
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
2026-06-18
$24.00
6/18/2026, 11:06:29 PM
2026-07-17
$23.00
7/17/2026, 11:06:25 PM
2026-08-21NextUpdated
$22.00
8/18/2026, 11:05:47 PM
2026-09-18
$23.00
8/18/2026, 11:05:47 PM
2026-10-16
$23.00
8/18/2026, 11:05:47 PM
2026-12-18
$23.00
8/18/2026, 11:05:47 PM
2027-01-15
$25.00
8/18/2026, 11:05:47 PM
2027-03-19
$19.00
8/18/2026, 11:05:47 PM
Selected expiration: 2026-08-21 at max pain $22.00.
BCE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
3811400
3811400
16
0
3172800
3172800
17
0
2536400
2536400
18
0
1902000
1902000
19
0
1269800
1269800
20
200
640100
640300
21
800
65500
66300
22
9000
15300
24300
23
68600
6200
74800
24
145400
200
145600
25
230800
100
230900
26
332000
0
332000
27
441600
0
441600
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.