This page reflects BILL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — BILL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $47.00 (3.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.00
Nearest expiry
Expected Move
±$1.60
±3.7%
Days to Expiry
7
Calendar days
Total Call OI
1,100
Nearest expiry
Total Put OI
311
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$43.62
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$46.50
9/25/2026, 11:06:38 PM
2026-10-02Updated
$43.50
10/2/2026, 11:03:58 PM
2026-10-09Next
$47.00
10/2/2026, 11:03:58 PM
2026-10-16
$45.00
10/2/2026, 11:03:58 PM
2026-10-23
$50.00
10/2/2026, 11:03:58 PM
2026-10-30
$45.00
10/2/2026, 11:03:58 PM
2026-11-06
$42.00
10/2/2026, 11:03:58 PM
2026-11-20
$45.00
10/2/2026, 11:03:58 PM
2027-01-15
$45.00
10/2/2026, 11:03:58 PM
2027-02-19
$45.00
10/2/2026, 11:03:58 PM
2027-05-21
$50.00
10/2/2026, 11:03:58 PM
Selected expiration: 2026-10-09 at max pain $47.00.
BILL pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
257850
257850
36
100
226750
226850
39
700
133450
134150
40
900
102450
103350
41
1400
75250
76650
41.5
1650
62200
63850
42
1950
51850
53800
42.5
2350
44850
47200
43
3100
38350
41450
43.5
3900
33400
37300
44
4750
28950
33700
44.5
5750
24700
30450
45
12650
20950
33600
45.5
20150
18300
38450
46
28000
15650
43650
46.5
36750
13200
49950
47
45950
11100
57050
47.5
56700
9550
66250
48
67550
8000
75550
49
90050
4900
94950
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.