This page reflects BIRK 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 — BIRK
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (1.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.32
±7.0%
Days to Expiry
14
Calendar days
Total Call OI
22,717
Nearest expiry
Total Put OI
50,036
Nearest expiry
P/C OI Ratio
2.20
Put-heavy
Spot Price
$33.33
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$47.50
8/21/2026, 11:05:48 PM
2026-09-18
$35.00
9/18/2026, 11:06:50 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:06:01 PM
2026-11-20
$30.00
10/2/2026, 11:06:01 PM
2027-01-15
$35.00
10/2/2026, 11:06:01 PM
2027-04-16
$30.00
10/2/2026, 11:06:01 PM
Selected expiration: 2026-10-16 at max pain $35.00.
BIRK pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
68797000
68797000
20
0
56291500
56291500
22.5
0
43786000
43786000
25
0
31280500
31280500
27.5
0
18808000
18808000
30
21500
14343750
14365250
32.5
56750
10775750
10832500
35
1174000
7902000
9076000
37.5
4079000
5152000
9231000
40
7218750
2674750
9893500
42.5
11707750
1573750
13281500
45
16326000
590750
16916750
47.5
21710500
305750
22016250
50
27102250
28250
27130500
52.5
32675000
23000
32698000
55
38252000
18000
38270000
57.5
43930250
13500
43943750
60
49608500
9000
49617500
65
60965500
0
60965500
70
72323500
0
72323500
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.