This page reflects BHE 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 — BHE
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (11.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$6.45
±7.5%
Days to Expiry
15
Calendar days
Total Call OI
412
Nearest expiry
Total Put OI
126
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$86.13
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
$65.00
5/15/2026, 11:06:44 PM
2026-06-18
$75.00
6/18/2026, 11:06:55 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:06:43 PM
2026-09-18
$85.00
7/3/2026, 11:06:43 PM
2026-10-16
$60.00
7/3/2026, 11:06:43 PM
2026-11-20
$90.00
7/3/2026, 11:06:43 PM
2027-01-15
$65.00
7/3/2026, 11:06:43 PM
Selected expiration: 2026-07-17 at max pain $75.00.
BHE pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
731000
731000
25
0
699500
699500
35
0
573500
573500
45
0
447500
447500
50
0
389000
389000
55
1000
333000
334000
60
3000
277000
280000
65
21000
223000
244000
70
41000
169500
210500
75
66500
116000
182500
80
135000
66500
201500
85
212000
36500
248500
90
317500
15000
332500
95
484500
0
484500
100
666500
0
666500
105
863500
0
863500
110
1061500
0
1061500
115
1263500
0
1263500
120
1466500
0
1466500
125
1670000
0
1670000
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.