This page reflects BHP 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 — BHP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $82.50 (0.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$82.50
Nearest expiry
Expected Move
±$5.18
±6.2%
Days to Expiry
15
Calendar days
Total Call OI
7,131
Nearest expiry
Total Put OI
2,434
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$83.33
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
$70.00
5/15/2026, 11:05:57 PM
2026-06-18
$80.00
6/18/2026, 11:07:11 PM
2026-07-17NextUpdated
$82.50
7/3/2026, 11:06:37 PM
2026-08-21
$85.00
7/3/2026, 11:06:37 PM
2026-09-18
$72.50
7/3/2026, 11:06:37 PM
2026-11-20
$82.50
7/3/2026, 11:06:37 PM
2026-12-18
$80.00
7/3/2026, 11:06:37 PM
2027-01-15
$60.00
7/3/2026, 11:06:37 PM
2027-02-19
$70.00
7/3/2026, 11:06:37 PM
2027-03-19
$70.00
7/3/2026, 11:06:37 PM
2027-06-17
$65.00
7/3/2026, 11:06:37 PM
Selected expiration: 2026-07-17 at max pain $82.50.
BHP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
4981500
4981500
65
1000
3770000
3771000
70
2000
2592000
2594000
72.5
3250
2033500
2036750
75
4500
1476250
1480750
77.5
10500
1089500
1100000
80
16500
720750
737250
82.5
51250
428750
480000
85
427500
194750
622250
87.5
1081000
95500
1176500
90
1819000
33500
1852500
92.5
2705000
1500
2706500
95
3749500
0
3749500
97.5
5068250
0
5068250
100
6638750
0
6638750
105
9926250
0
9926250
110
13459750
0
13459750
115
17015750
0
17015750
120
20576250
0
20576250
125
24141250
0
24141250
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.