This page reflects BJRI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — BJRI
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $50.00 (11.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$5.58
±9.0%
Days to Expiry
11
Calendar days
Total Call OI
183
Nearest expiry
Total Put OI
66
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$61.66
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
$60.00
8/21/2026, 11:07:11 PM
2026-09-18
$62.50
9/18/2026, 11:06:47 PM
2026-10-16NextUpdated
$50.00
10/5/2026, 11:06:08 PM
2027-01-15
$60.00
10/5/2026, 11:06:08 PM
2027-04-16
$70.00
10/5/2026, 11:06:08 PM
Selected expiration: 2026-10-16 at max pain $50.00.
BJRI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
253500
253500
20
0
237000
237000
22.5
0
220500
220500
27.5
500
187500
188000
30
1250
171000
172250
32.5
2000
154750
156750
35
3000
138500
141500
37.5
4500
122750
127250
40
6000
107250
113250
42.5
7500
91750
99250
45
9000
76500
85500
47.5
10750
62000
72750
50
12750
47500
60250
52.5
50750
36000
86750
55
88750
27500
116250
57.5
127000
19750
146750
60
165250
14250
179500
62.5
204250
10750
215000
65
244750
7500
252250
70
329250
3500
332750
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.