This page reflects BEN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — BEN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $30.00 (4.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.77
±5.2%
Days to Expiry
15
Calendar days
Total Call OI
5,638
Nearest expiry
Total Put OI
1,701
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$34.11
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$25.00
5/15/2026, 11:06:53 PM
2026-06-18
$25.00
6/18/2026, 11:06:19 PM
2026-07-17NextUpdated
$30.00
7/3/2026, 11:06:24 PM
2026-08-21
$32.00
7/3/2026, 11:06:24 PM
2026-10-16
$32.00
7/3/2026, 11:06:24 PM
2027-01-15
$25.00
7/3/2026, 11:06:24 PM
Selected expiration: 2026-07-17 at max pain $30.00.
BEN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
2214900
2214900
14
0
2049700
2049700
15
100
1884700
1884800
16
300
1719700
1720000
17
500
1554700
1555200
18
700
1390300
1391000
19
1000
1227700
1228700
20
1300
1072000
1073300
21
1600
918300
919900
22
1900
775200
777100
23
2200
640400
642600
24
2500
526100
528600
25
2900
426400
429300
26
3300
337400
340700
27
3700
261700
265400
28
6000
186900
192900
29
28700
119900
148600
30
54900
56000
110900
35
263400
0
263400
40
3063900
0
3063900
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.