This page reflects BG 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 — BG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $115.00 (8.54 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$5.53
±5.2%
Days to Expiry
15
Calendar days
Total Call OI
6,621
Nearest expiry
Total Put OI
1,975
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$106.46
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
$120.00
5/15/2026, 11:05:45 PM
2026-06-18
$125.00
6/18/2026, 11:06:41 PM
2026-07-17NextUpdated
$115.00
7/3/2026, 11:05:30 PM
2026-08-21
$115.00
7/3/2026, 11:05:30 PM
2026-10-16
$130.00
7/3/2026, 11:05:30 PM
2027-01-15
$120.00
7/3/2026, 11:05:30 PM
Selected expiration: 2026-07-17 at max pain $115.00.
BG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
9330250
9330250
65
0
8349750
8349750
70
0
7410250
7410250
75
0
6470750
6470750
80
0
5531250
5531250
82.5
0
5086000
5086000
85
0
4646750
4646750
87.5
0
4208250
4208250
90
0
3771000
3771000
92.5
1750
3342750
3344500
95
5250
2935250
2940500
97.5
39000
2554750
2593750
100
88250
2187000
2275250
105
282250
1542500
1824750
110
528750
990000
1518750
115
892750
534500
1427250
120
1514750
189000
1703750
125
2345250
12500
2357750
130
4182750
1500
4184250
135
6314250
0
6314250
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.