This page reflects BCO 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 — BCO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $110.00 (0.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$2.83
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
524
Nearest expiry
Total Put OI
841
Nearest expiry
P/C OI Ratio
1.60
Put-heavy
Spot Price
$109.14
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
$105.00
6/18/2026, 11:06:26 PM
2026-07-17
$100.00
7/17/2026, 11:06:39 PM
2026-08-21NextUpdated
$110.00
8/18/2026, 11:06:01 PM
2026-09-18
$110.00
8/18/2026, 11:06:01 PM
2026-11-20
$120.00
8/18/2026, 11:06:01 PM
2026-12-18
$120.00
8/18/2026, 11:06:01 PM
2027-01-15
$80.00
8/18/2026, 11:06:01 PM
2027-03-19
$110.00
8/18/2026, 11:06:01 PM
2027-06-17
$110.00
8/18/2026, 11:06:01 PM
Selected expiration: 2026-08-21 at max pain $110.00.
BCO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
1765000
1765000
85
0
1345000
1345000
90
0
957500
957500
95
6000
573000
579000
100
18000
388000
406000
105
108500
217500
326000
110
200500
87500
288000
115
298000
14500
312500
120
409000
0
409000
125
542500
0
542500
130
747000
0
747000
135
955500
0
955500
140
1215500
0
1215500
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.