This page reflects BCS 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 — BCS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $25.00 (1.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.12
±4.7%
Days to Expiry
14
Calendar days
Total Call OI
6,536
Nearest expiry
Total Put OI
4,305
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$23.71
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
$27.00
8/21/2026, 11:03:50 PM
2026-09-18
$25.00
9/18/2026, 11:05:29 PM
2026-10-16NextUpdated
$25.00
10/2/2026, 11:04:55 PM
2026-11-20
$24.00
10/2/2026, 11:04:55 PM
2026-12-18
$27.00
10/2/2026, 11:04:55 PM
2027-01-15
$15.00
10/2/2026, 11:04:55 PM
2027-03-19
$28.00
10/2/2026, 11:04:55 PM
Selected expiration: 2026-10-16 at max pain $25.00.
BCS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
3623900
3623900
16
0
3193400
3193400
17
0
2763300
2763300
18
0
2333800
2333800
19
500
1907800
1908300
20
1000
1481800
1482800
21
1500
1076500
1078000
22
2000
676700
678700
23
11400
316400
327800
24
35300
91500
126800
25
87900
33100
121000
26
194300
1900
196200
27
432000
0
432000
28
719700
0
719700
29
1094000
0
1094000
30
1694400
0
1694400
31
2330100
0
2330100
32
2975500
0
2975500
33
3628800
0
3628800
34
4282100
0
4282100
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.