This page reflects BHVN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — BHVN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $13.00 (0.57 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$0.80
±5.9%
Days to Expiry
3
Calendar days
Total Call OI
3,464
Nearest expiry
Total Put OI
1,383
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$13.57
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$9.00
6/18/2026, 11:06:31 PM
2026-07-17
$11.00
7/17/2026, 11:06:29 PM
2026-08-21NextUpdated
$13.00
8/18/2026, 11:06:38 PM
2026-09-18
$13.00
8/18/2026, 11:06:38 PM
2026-10-16
$14.00
8/18/2026, 11:06:38 PM
2026-12-18
$12.50
8/18/2026, 11:06:38 PM
2027-01-15
$10.00
8/18/2026, 11:06:38 PM
Selected expiration: 2026-08-21 at max pain $13.00.
BHVN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
1276900
1276900
5
400
1138600
1139000
6
900
1000300
1001200
7
1500
862000
863500
8
2300
723700
726000
10
4100
447100
451200
11
7500
310400
317900
12
15900
175600
191500
13
47500
47600
95100
14
128000
22700
150700
15
223300
14200
237500
16
399500
12500
412000
17
605400
11100
616500
18
843100
10000
853100
19
1100400
8900
1109300
20
1369700
7800
1377500
21
1683300
6800
1690100
22
2007400
5800
2013200
24
2668400
3800
2672200
25
2998900
2900
3001800
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.