This page reflects BCS 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 — BCS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $28.00 (0.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$0.70
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
21,342
Nearest expiry
Total Put OI
6,109
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$27.37
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
$22.00
6/18/2026, 11:05:39 PM
2026-07-17
$26.00
7/17/2026, 11:07:05 PM
2026-08-21NextUpdated
$28.00
8/18/2026, 11:06:11 PM
2026-09-18
$26.00
8/18/2026, 11:06:11 PM
2026-10-16
$28.00
8/18/2026, 11:06:11 PM
2026-12-18
$28.00
8/18/2026, 11:06:11 PM
2027-01-15
$15.00
8/18/2026, 11:06:11 PM
2027-03-19
$20.00
8/18/2026, 11:06:11 PM
Selected expiration: 2026-08-21 at max pain $28.00.
BCS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
4609500
4609500
19
0
3998900
3998900
21
0
2862300
2862300
22
0
2327900
2327900
23
0
1794100
1794100
24
0
1280200
1280200
25
100
797900
798000
26
200
517000
517200
27
700
284500
285200
28
87500
90100
177600
29
1432800
7400
1440200
30
3267000
0
3267000
31
5144500
0
5144500
32
7276100
0
7276100
33
9409700
0
9409700
35
13676900
0
13676900
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.