This page reflects BKD 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 — BKD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $11.00 (4.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.50
±3.1%
Days to Expiry
15
Calendar days
Total Call OI
13,786
Nearest expiry
Total Put OI
10,248
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$15.87
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
$14.00
5/15/2026, 11:06:55 PM
2026-06-18
$13.00
6/18/2026, 11:05:30 PM
2026-07-17NextUpdated
$11.00
7/3/2026, 11:05:32 PM
2026-08-21
$14.00
7/3/2026, 11:05:32 PM
2026-10-16
$14.00
7/3/2026, 11:05:32 PM
2026-12-18
$3.00
7/3/2026, 11:05:32 PM
2027-01-15
$3.00
7/3/2026, 11:05:32 PM
Selected expiration: 2026-07-17 at max pain $11.00.
BKD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
8463900
8463900
4
100
7439100
7439200
5
300
6414300
6414600
6
500
5389500
5390000
8
1500
3339900
3341400
9
4500
2325100
2329600
10
7600
1310400
1318000
11
12000
304200
316200
12
710500
2100
712600
13
1412700
1200
1413900
14
2116000
400
2116400
15
2832600
0
2832600
16
3829300
0
3829300
17
4835800
0
4835800
18
5860800
0
5860800
19
6885800
0
6885800
20
7911800
0
7911800
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.