This page reflects BILL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — BILL
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $39.00 (2.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$39.00
Nearest expiry
Expected Move
±$1.18
±3.2%
Days to Expiry
1
Calendar days
Total Call OI
3,263
Nearest expiry
Total Put OI
4,436
Nearest expiry
P/C OI Ratio
1.36
Put-heavy
Spot Price
$36.45
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$38.00
5/8/2026, 11:05:00 PM
2026-05-15
$40.00
5/15/2026, 11:07:02 PM
2026-05-22NextUpdated
$39.00
5/21/2026, 11:05:15 PM
2026-05-29
$39.00
5/21/2026, 11:05:15 PM
2026-06-05
$40.00
5/21/2026, 11:05:15 PM
2026-06-12
$44.00
5/21/2026, 11:05:15 PM
2026-06-18
$40.00
5/21/2026, 11:05:15 PM
2026-06-26
$36.00
5/21/2026, 11:05:15 PM
2026-07-17
$40.00
5/21/2026, 11:05:15 PM
2026-08-21
$42.50
5/21/2026, 11:05:15 PM
2026-11-20
$37.50
5/21/2026, 11:05:15 PM
2027-01-15
$40.00
5/21/2026, 11:05:15 PM
Selected expiration: 2026-05-22 at max pain $39.00.
BILL pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
23
0
6558400
6558400
25
0
5673000
5673000
29
0
3907000
3907000
30
0
3466000
3466000
30.5
1200
3245750
3246950
32
4800
2585300
2590100
32.5
6200
2365400
2371600
33
7700
2145600
2153300
34
11100
1716500
1727600
35
64700
1287400
1352100
35.5
102550
1073650
1176200
36
140400
861300
1001700
37
216500
470300
686800
37.5
256000
297050
553050
38
298750
232400
531150
38.5
344850
183250
528100
39
391500
135050
526550
39.5
447050
88100
535150
40
504600
41300
545900
40.5
568550
33050
601600
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.