This page reflects BFLY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — BFLY
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $7.50 (1.45 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$1.48
±16.5%
Days to Expiry
14
Calendar days
Total Call OI
32,794
Nearest expiry
Total Put OI
9,518
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$8.95
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$7.50
8/21/2026, 11:03:32 PM
2026-09-18
$7.50
9/18/2026, 11:06:34 PM
2026-10-16NextUpdated
$7.50
10/2/2026, 11:06:14 PM
2026-11-20
$7.50
10/2/2026, 11:06:14 PM
2027-01-15
$3.00
10/2/2026, 11:06:14 PM
2027-04-16
$7.50
10/2/2026, 11:06:14 PM
Selected expiration: 2026-10-16 at max pain $7.50.
BFLY pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
5129700
5129700
1
250
4653800
4654050
1.5
1300
4178550
4179850
2
2800
3703300
3706100
2.5
4850
3231000
3235850
3
6950
2760500
2767450
3.5
9600
2292650
2302250
4
14850
1875150
1890000
4.5
31950
1508800
1540750
5
65600
1158150
1223750
5.5
125250
907750
1033000
7.5
689450
243750
933200
10
3664450
1500
3665950
12.5
10961450
0
10961450
15
18824200
0
18824200
17.5
26974700
0
26974700
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.