Bread Financial Holdings, Inc.Close $108.51EOD only
Max Pain
$97.50
Next expiry Aug 21, 2026
Expected Move
±$2.95
2.7% from close
Price Gap
-11.01
Distance to max pain
IV Rank
31
Middle-high premium
P/C OI
2.12
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 19, 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
Aug 19, 2026 close
Max Pain — BFH
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $97.50 (11.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$97.50
Nearest expiry
Expected Move
±$2.95
±2.7%
Days to Expiry
2
Calendar days
Total Call OI
630
Nearest expiry
Total Put OI
1,141
Nearest expiry
P/C OI Ratio
1.81
Put-heavy
Spot Price
$108.51
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
$100.00
6/18/2026, 11:05:40 PM
2026-07-17
$95.00
7/17/2026, 11:07:14 PM
2026-08-21NextUpdated
$97.50
8/19/2026, 11:05:27 PM
2026-09-18
$85.00
8/19/2026, 11:05:27 PM
2026-11-20
$90.00
8/19/2026, 11:05:27 PM
2026-12-18
$85.00
8/19/2026, 11:05:27 PM
Selected expiration: 2026-08-21 at max pain $97.50.
BFH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
5993250
5993250
42.5
0
5708000
5708000
45
0
5422750
5422750
57.5
0
3996500
3996500
60
500
3711250
3711750
62.5
1500
3426000
3427500
65
2500
3140750
3143250
67.5
3750
2855750
2859500
70
5000
2570750
2575750
72.5
8750
2285750
2294500
75
12500
2001000
2013500
77.5
20000
1727750
1747750
80
50250
1455250
1505500
82.5
84500
1182750
1267250
85
123750
911250
1035000
87.5
164000
641250
805250
90
204250
447250
651500
92.5
246250
315750
562000
95
290000
248250
538250
97.5
336000
190250
526250
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.