This page reflects BJRI 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 — BJRI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $42.50 (16.25 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
±$2.85
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
148
Nearest expiry
Total Put OI
90
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$58.75
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, 11:05:59 PM
2026-06-18
$40.00
6/18/2026, 11:05:26 PM
2026-07-17NextUpdated
$42.50
7/3/2026, 11:05:29 PM
2026-08-21
$52.50
7/3/2026, 11:05:29 PM
2026-10-16
$42.50
7/3/2026, 11:05:29 PM
2027-01-15
$40.00
7/3/2026, 11:05:29 PM
Selected expiration: 2026-07-17 at max pain $42.50.
BJRI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
168250
168250
20
0
147500
147500
22.5
0
128500
128500
25
250
110500
110750
27.5
750
93750
94500
30
1250
79250
80500
32.5
2750
64750
67500
35
4250
51750
56000
37.5
5750
41750
47500
40
8250
34000
42250
42.5
15500
26500
42000
45
25250
19250
44500
47.5
37500
12000
49500
50
54500
5000
59500
52.5
77500
1250
78750
55
101000
1000
102000
57.5
127000
750
127750
60
153250
500
153750
65
221250
0
221250
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.