This page reflects BHVN 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 — BHVN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $11.00 (4.96 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$2.10
±13.2%
Days to Expiry
15
Calendar days
Total Call OI
22,468
Nearest expiry
Total Put OI
3,444
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$15.96
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
$10.00
5/15/2026, 11:06:20 PM
2026-06-18
$9.00
6/18/2026, 11:06:31 PM
2026-07-17NextUpdated
$11.00
7/3/2026, 11:06:40 PM
2026-08-21
$12.00
7/3/2026, 11:06:40 PM
2026-10-16
$11.00
7/3/2026, 11:06:40 PM
2026-12-18
$12.50
7/3/2026, 11:06:40 PM
2027-01-15
$10.00
7/3/2026, 11:06:40 PM
Selected expiration: 2026-07-17 at max pain $11.00.
BHVN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3521200
3521200
2.5
900
3004750
3005650
4
2550
2488300
2490850
5
3950
2144000
2147950
6
6250
1799900
1806150
7.5
15250
1284650
1299900
9
25150
792050
817200
10
33450
477150
510600
11
72350
207050
279400
12.5
910550
126200
1036750
14
2141450
66800
2208250
15
3054350
34900
3089250
16
4569750
18900
4588650
17.5
6948900
10500
6959400
19
10138200
2100
10140300
20
12271800
1500
12273300
21
14487700
1000
14488700
23
18981100
200
18981300
24
21227800
0
21227800
26
25721200
0
25721200
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.