This page reflects BCO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — BCO
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $105.00 (3.20 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$4.65
±4.6%
Days to Expiry
14
Calendar days
Total Call OI
1,358
Nearest expiry
Total Put OI
578
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$101.80
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$110.00
8/21/2026, 11:05:20 PM
2026-09-18
$105.00
9/18/2026, 11:06:30 PM
2026-10-16NextUpdated
$105.00
10/2/2026, 11:06:03 PM
2026-11-20
$115.00
10/2/2026, 11:06:03 PM
2026-12-18
$120.00
10/2/2026, 11:06:03 PM
2027-01-15
$80.00
10/2/2026, 11:06:03 PM
2027-03-19
$110.00
10/2/2026, 11:06:03 PM
2027-06-17
$110.00
10/2/2026, 11:06:03 PM
Selected expiration: 2026-10-16 at max pain $105.00.
BCO pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
909500
909500
85
0
627000
627000
90
0
352500
352500
95
0
224000
224000
100
9000
98500
107500
105
71000
10500
81500
110
172500
0
172500
115
285000
0
285000
120
932000
0
932000
125
1601500
0
1601500
130
2272000
0
2272000
135
2950500
0
2950500
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.