Bread Financial Holdings, Inc.Close $87.69EOD only
Max Pain
$77.50
Next expiry Jun 18, 2026
Expected Move
±$4.20
4.8% from close
Price Gap
-10.19
Distance to max pain
IV Rank
0
Low premium
P/C OI
1.53
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects BFH 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 — BFH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $77.50 (10.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$4.20
±4.8%
Days to Expiry
29
Calendar days
Total Call OI
520
Nearest expiry
Total Put OI
200
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$87.69
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
$75.00
4/17/2026, 11:06:30 PM
2026-05-15
$77.50
5/15/2026, 11:06:35 PM
2026-06-18NextUpdated
$77.50
5/20/2026, 11:05:50 PM
2026-07-17
$70.00
5/20/2026, 11:05:50 PM
2026-08-21
$70.00
5/20/2026, 11:05:50 PM
2026-09-18
$65.00
5/20/2026, 11:05:50 PM
2026-11-20
$80.00
5/20/2026, 11:05:50 PM
2026-12-18
$85.00
5/20/2026, 11:05:50 PM
Selected expiration: 2026-06-18 at max pain $77.50.
BFH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
564500
564500
50
0
465000
465000
57.5
750
317250
318000
60
1250
268000
269250
62.5
2250
218750
221000
65
3500
169500
173000
67.5
5250
122750
128000
70
7250
76000
83250
72.5
10250
30750
41000
75
13250
23000
36250
77.5
20250
15250
35500
80
31250
7750
39000
82.5
45750
4250
50000
85
62500
1000
63500
87.5
89000
500
89500
90
115750
0
115750
92.5
151000
0
151000
95
187000
0
187000
97.5
229250
0
229250
100
273250
0
273250
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.