This page reflects BCPC 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 — BCPC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $170.00 (7.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$1.50
±0.8%
Days to Expiry
3
Calendar days
Total Call OI
613
Nearest expiry
Total Put OI
28
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$177.00
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
$165.00
6/18/2026, 11:05:35 PM
2026-07-17
$165.00
7/17/2026, 11:06:50 PM
2026-08-21NextUpdated
$170.00
8/18/2026, 11:06:15 PM
2026-09-18
$170.00
8/18/2026, 11:06:15 PM
2026-11-20
$180.00
8/18/2026, 11:06:15 PM
2027-02-19
$160.00
8/18/2026, 11:06:15 PM
Selected expiration: 2026-08-21 at max pain $170.00.
BCPC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
141000
141000
130
0
71000
71000
135
0
57500
57500
140
0
46500
46500
145
0
35500
35500
150
0
26500
26500
155
0
17500
17500
160
0
9500
9500
165
0
4500
4500
170
0
3000
3000
175
1000
2000
3000
180
4000
1000
5000
185
25500
500
26000
190
249500
0
249500
195
553500
0
553500
210
1471500
0
1471500
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.