This page reflects BIIB 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 — BIIB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $202.50 (13.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$202.50
Nearest expiry
Expected Move
±$4.55
±2.1%
Days to Expiry
8
Calendar days
Total Call OI
867
Nearest expiry
Total Put OI
61
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$216.12
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$195.00
6/26/2026, 11:06:39 PM
2026-07-02
$200.00
7/2/2026, 11:07:25 PM
2026-07-10NextUpdated
$202.50
7/3/2026, 11:06:46 PM
2026-07-17
$185.00
7/3/2026, 11:06:46 PM
2026-07-24
$185.00
7/3/2026, 11:06:46 PM
2026-07-31
$180.00
7/3/2026, 11:06:46 PM
2026-08-07
$210.00
7/3/2026, 11:06:46 PM
2026-08-21
$195.00
7/3/2026, 11:06:46 PM
2026-09-18
$195.00
7/3/2026, 11:06:46 PM
2026-10-16
$200.00
7/3/2026, 11:06:46 PM
2026-12-18
$180.00
7/3/2026, 11:06:46 PM
2027-01-15
$170.00
7/3/2026, 11:06:46 PM
2027-03-19
$195.00
7/3/2026, 11:06:46 PM
2027-06-17
$170.00
7/3/2026, 11:06:46 PM
Selected expiration: 2026-07-10 at max pain $202.50.
BIIB pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
387750
387750
105
0
361250
361250
110
0
335750
335750
115
0
311750
311750
120
0
289250
289250
125
0
267750
267750
170
0
96750
96750
175
0
81250
81250
180
0
67250
67250
185
500
53250
53750
195
1500
27250
28750
200
7000
14250
21250
202.5
12000
8500
20500
205
18250
2750
21000
207.5
41000
1000
42000
210
64500
500
65000
212.5
90500
0
90500
215
168250
0
168250
217.5
265250
0
265250
220
472750
0
472750
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.