This page reflects BILL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — BILL
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $42.50 (5.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$7.40
±15.5%
Days to Expiry
2
Calendar days
Total Call OI
16,513
Nearest expiry
Total Put OI
8,157
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$47.71
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$41.00
8/7/2026, 11:07:10 PM
2026-08-14
$47.00
8/14/2026, 11:05:29 PM
2026-08-21NextUpdated
$42.50
8/19/2026, 11:06:24 PM
2026-08-28
$48.00
8/19/2026, 11:06:24 PM
2026-09-04
$45.00
8/19/2026, 11:06:24 PM
2026-09-11
$48.00
8/19/2026, 11:06:24 PM
2026-09-18
$47.50
8/19/2026, 11:06:24 PM
2026-09-25
$50.00
8/19/2026, 11:06:24 PM
2026-10-02
$53.00
8/19/2026, 11:06:24 PM
2026-10-16
$40.00
8/19/2026, 11:06:24 PM
2026-11-20
$37.50
8/19/2026, 11:06:24 PM
2027-01-15
$45.00
8/19/2026, 11:06:24 PM
2027-02-19
$37.50
8/19/2026, 11:06:24 PM
Selected expiration: 2026-08-21 at max pain $42.50.
BILL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
14004400
14004400
22.5
0
11973900
11973900
25
250
9953900
9954150
27.5
750
7989150
7989900
30
1250
6049650
6050900
31
8150
5293250
5301400
32.5
18500
4159250
4177750
33
24550
3793900
3818450
34
36650
3063500
3100150
35
48750
2394900
2443650
36
82750
2076100
2158850
37
116750
1768300
1885050
37.5
133750
1615150
1748900
38
158000
1504350
1662350
38.5
183250
1395100
1578350
39
208500
1287550
1496050
39.5
234050
1180500
1414550
40
259600
1084250
1343850
41
361900
918750
1280650
41.5
413050
836400
1249450
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.