This page reflects BHVN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — BHVN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (0.15 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$1.77
±20.1%
Days to Expiry
29
Calendar days
Total Call OI
12,381
Nearest expiry
Total Put OI
5,913
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$8.85
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$9.00
4/17/2026, 11:02:30 PM
2026-05-15
$10.00
5/15/2026, 11:06:20 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:05:23 PM
2026-07-17
$11.00
5/20/2026, 11:05:23 PM
2026-10-16
$10.00
5/20/2026, 11:05:23 PM
2026-12-18
$10.00
5/20/2026, 11:05:23 PM
2027-01-15
$10.00
5/20/2026, 11:05:23 PM
Selected expiration: 2026-06-18 at max pain $9.00.
BHVN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1807500
1807500
6
0
1216300
1216300
7
3900
626900
630800
8
8000
61900
69900
9
13600
21200
34800
10
136700
4700
141400
11
663600
2700
666300
12
1307200
1100
1308300
13
2516300
100
2516400
14
3740100
0
3740100
15
4967000
0
4967000
16
6202700
0
6202700
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.