This page reflects BCRX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — BCRX
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $9.00 (0.84 below 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
±$1.23
±12.4%
Days to Expiry
15
Calendar days
Total Call OI
20,409
Nearest expiry
Total Put OI
4,000
Nearest expiry
P/C OI Ratio
0.20
Put-heavy
Spot Price
$9.84
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$9.00
5/15/2026, 11:06:58 PM
2026-06-18
$9.00
6/18/2026, 11:05:47 PM
2026-07-17NextUpdated
$9.00
7/3/2026, 11:05:43 PM
2026-08-21
$9.00
7/3/2026, 11:05:43 PM
2026-09-18
$8.00
7/3/2026, 11:05:43 PM
2026-12-18
$8.00
7/3/2026, 11:05:43 PM
2027-01-15
$5.00
7/3/2026, 11:05:43 PM
2027-03-19
$7.00
7/3/2026, 11:05:43 PM
2027-04-16
$5.00
7/3/2026, 11:05:43 PM
Selected expiration: 2026-07-17 at max pain $9.00.
BCRX pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3060700
3060700
2
200
2660900
2661100
3
500
2261100
2261600
4
1000
1861400
1862400
6
2200
1080400
1082600
7
3000
690000
693000
7.5
3450
497750
501200
8
3950
305500
309450
9
8850
83700
92550
10
186650
1800
188450
11
1176650
1000
1177650
12
2525750
400
2526150
12.5
3501050
350
3501400
13
4477250
300
4477550
14
6450550
200
6450750
15
8436050
100
8436150
16
10476950
0
10476950
17
12517850
0
12517850
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.