This page reflects BCRX 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 — BCRX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $9.00 (0.70 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
±$0.55
±5.7%
Days to Expiry
3
Calendar days
Total Call OI
10,849
Nearest expiry
Total Put OI
8,177
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$9.70
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
$9.00
6/18/2026, 11:05:47 PM
2026-07-17
$10.00
7/17/2026, 11:06:39 PM
2026-08-21NextUpdated
$9.00
8/18/2026, 11:06:13 PM
2026-09-18
$10.00
8/18/2026, 11:06:13 PM
2026-12-18
$8.00
8/18/2026, 11:06:13 PM
2027-01-15
$7.00
8/18/2026, 11:06:13 PM
2027-03-19
$9.00
8/18/2026, 11:06:13 PM
2027-04-16
$7.00
8/18/2026, 11:06:13 PM
Selected expiration: 2026-08-21 at max pain $9.00.
BCRX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
6417400
6417400
2
600
5599700
5600300
5
3000
3146600
3149600
6
4100
2328900
2333000
7
5500
1511500
1517000
8
7200
702500
709700
9
10300
54000
64300
10
202200
5800
208000
11
613700
2400
616100
12
1212600
1800
1214400
13
2138700
1200
2139900
14
3069600
600
3070200
15
4020100
0
4020100
16
5104400
0
5104400
17
6188800
0
6188800
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.