This page reflects BIRK 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 — BIRK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $47.50 (1.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$4.22
±9.2%
Days to Expiry
15
Calendar days
Total Call OI
5,872
Nearest expiry
Total Put OI
37,861
Nearest expiry
P/C OI Ratio
6.45
Put-heavy
Spot Price
$45.99
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
$35.00
5/15/2026, 11:06:31 PM
2026-06-18
$47.50
6/18/2026, 11:04:31 PM
2026-07-17NextUpdated
$47.50
7/3/2026, 11:05:27 PM
2026-08-21
$50.00
7/3/2026, 11:05:27 PM
2026-10-16
$45.00
7/3/2026, 11:05:27 PM
2027-01-15
$37.50
7/3/2026, 11:05:27 PM
Selected expiration: 2026-07-17 at max pain $47.50.
BIRK pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
92071250
92071250
22.5
0
73140750
73140750
25
0
63678750
63678750
27.5
2000
54225500
54227500
30
4000
44777000
44781000
32.5
6500
35609000
35615500
35
16750
26578750
26595500
37.5
31750
18455750
18487500
40
65750
10633750
10699500
42.5
427750
5933500
6361250
45
1248000
2236250
3484250
47.5
2296500
487000
2783500
50
3371750
149250
3521000
52.5
4755750
7500
4763250
55
6166250
0
6166250
60
9082250
0
9082250
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.