This page reflects BEKE 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 — BEKE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.00 (0.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$0.82
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
1,261
Nearest expiry
Total Put OI
1,552
Nearest expiry
P/C OI Ratio
1.23
Put-heavy
Spot Price
$16.87
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
2026-08-07
$12.00
8/7/2026, 11:06:00 PM
2026-08-14
$16.00
8/14/2026, 11:07:16 PM
2026-08-21NextUpdated
$17.00
8/18/2026, 11:06:35 PM
2026-08-28
$17.00
8/18/2026, 11:06:35 PM
2026-09-04
$16.00
8/18/2026, 11:06:35 PM
2026-09-11
$15.00
8/18/2026, 11:06:35 PM
2026-09-18
$17.00
8/18/2026, 11:06:35 PM
2026-09-25
$18.00
8/18/2026, 11:06:35 PM
2026-10-16
$17.00
8/18/2026, 11:06:35 PM
2026-12-18
$17.00
8/18/2026, 11:06:35 PM
2027-01-15
$17.00
8/18/2026, 11:06:35 PM
Selected expiration: 2026-08-21 at max pain $17.00.
BEKE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1866700
1866700
6
300
1711700
1712000
7
900
1556700
1557600
8
1700
1401700
1403400
9
2500
1246900
1249400
10
3400
1092200
1095600
11
4300
937700
942000
11.5
4750
860450
865200
12
5200
783200
788400
12.5
5950
706200
712150
13
6700
629200
635900
13.5
7450
552900
560350
14
8250
476950
485200
14.5
9300
402400
411700
15
10450
331850
342300
15.5
12700
294800
307500
16
15000
257750
272750
16.5
18100
224100
242200
17
21200
191700
212900
17.5
70000
159950
229950
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.