This page reflects BHE 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 — BHE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $65.00 (22.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$5.22
±6.0%
Days to Expiry
14
Calendar days
Total Call OI
731
Nearest expiry
Total Put OI
168
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$87.39
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
$70.00
8/21/2026, 11:05:40 PM
2026-09-18
$70.00
9/18/2026, 11:06:39 PM
2026-10-16NextUpdated
$65.00
10/2/2026, 11:06:40 PM
2026-11-20
$80.00
10/2/2026, 11:06:40 PM
2027-01-15
$70.00
10/2/2026, 11:06:40 PM
2027-04-16
$65.00
10/2/2026, 11:06:40 PM
Selected expiration: 2026-10-16 at max pain $65.00.
BHE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
498500
498500
45
0
414500
414500
50
500
330500
331000
55
2500
246500
249000
60
9500
183500
193000
65
49500
122000
171500
70
139000
83500
222500
75
254500
51500
306000
80
381000
20500
401500
85
650500
4500
655000
90
964500
2000
966500
95
1297000
0
1297000
100
1636500
0
1636500
105
1983500
0
1983500
110
2341000
0
2341000
115
2698500
0
2698500
120
3062000
0
3062000
125
3426000
0
3426000
130
3790500
0
3790500
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.