This page reflects BCRX 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 — BCRX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (0.26 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$1.62
±18.6%
Days to Expiry
29
Calendar days
Total Call OI
43,526
Nearest expiry
Total Put OI
10,394
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$8.74
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
$9.00
4/17/2026, 11:04:37 PM
2026-05-15
$9.00
5/15/2026, 11:06:58 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:05:24 PM
2026-07-17
$10.00
5/20/2026, 11:05:24 PM
2026-09-18
$7.00
5/20/2026, 11:05:24 PM
2026-12-18
$8.00
5/20/2026, 11:05:24 PM
2027-01-15
$5.00
5/20/2026, 11:05:24 PM
2027-03-19
$7.00
5/20/2026, 11:05:24 PM
2027-04-16
$7.00
5/20/2026, 11:05:24 PM
Selected expiration: 2026-06-18 at max pain $9.00.
BCRX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
7681400
7681400
2
100
6642300
6642400
4
300
4564100
4564400
5
1200
3525000
3526200
6
9900
2485900
2495800
7
22800
1579400
1602200
8
129400
729400
858800
9
335600
104200
439800
10
865200
13300
878500
11
3559300
2000
3561300
12
7214700
700
7215400
13
11259900
0
11259900
14
15473500
0
15473500
15
19748500
0
19748500
16
24100800
0
24100800
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.