This page reflects BELFB options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — BELFB
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $160.00 (94.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$28.45
±11.2%
Days to Expiry
29
Calendar days
Total Call OI
518
Nearest expiry
Total Put OI
36
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$254.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$200.00
4/17/2026, 11:05:44 PM
2026-05-15
$230.00
5/15/2026, 11:06:51 PM
2026-06-18NextUpdated
$160.00
5/20/2026, 11:05:15 PM
2026-09-18
$210.00
5/20/2026, 11:05:15 PM
2026-12-18
$220.00
5/20/2026, 11:05:15 PM
2027-01-15
$150.00
5/20/2026, 11:05:15 PM
2027-03-19
$220.00
5/20/2026, 11:05:15 PM
Selected expiration: 2026-06-18 at max pain $160.00.
BELFB pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
445500
445500
80
1000
430500
431500
85
2500
415500
418000
90
4500
400500
405000
95
7500
385500
393000
100
10500
370500
381000
120
26500
310500
337000
125
31000
295500
326500
130
38000
281500
319500
135
45500
267500
313000
145
60500
239500
300000
150
68500
225500
294000
155
79500
211500
291000
160
91000
197500
288500
165
107500
183500
291000
170
124500
169500
294000
175
161500
155500
317000
180
204000
143000
347000
185
246500
130500
377000
190
289000
118000
407000
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.