This page reflects BHC 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 — BHC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $4.50 (0.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.50
Nearest expiry
Expected Move
±$0.25
±5.1%
Days to Expiry
8
Calendar days
Total Call OI
497
Nearest expiry
Total Put OI
232
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$4.90
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$4.50
6/26/2026, 11:06:30 PM
2026-07-02
$4.50
7/2/2026, 11:05:20 PM
2026-07-10NextUpdated
$4.50
7/3/2026, 11:05:58 PM
2026-07-17
$6.00
7/3/2026, 11:05:58 PM
2026-07-24
$1.00
7/3/2026, 11:05:58 PM
2026-07-31
$1.00
7/3/2026, 11:05:58 PM
2026-08-07
$1.00
7/3/2026, 11:05:58 PM
2026-08-21
$6.00
7/3/2026, 11:05:58 PM
2026-10-16
$6.00
7/3/2026, 11:05:58 PM
2027-01-15
$7.00
7/3/2026, 11:05:58 PM
Selected expiration: 2026-07-10 at max pain $4.50.
BHC pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
90150
90150
2
7100
67150
74250
3
16900
44450
61350
4
26800
21750
48550
4.5
32200
10400
42600
5
38050
5000
43050
5.5
58650
2800
61450
6
79600
1350
80950
6.5
104400
700
105100
7
129250
100
129350
7.5
154100
0
154100
8
178950
0
178950
8.5
203800
0
203800
9
228650
0
228650
9.5
253500
0
253500
10
278350
0
278350
11
328050
0
328050
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.