This page reflects BKD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — BKD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $13.00 (0.78 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$0.85
±7.0%
Days to Expiry
3
Calendar days
Total Call OI
8,019
Nearest expiry
Total Put OI
2,716
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$12.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$13.00
6/18/2026, 11:05:30 PM
2026-07-17
$14.00
7/17/2026, 11:07:05 PM
2026-08-21NextUpdated
$13.00
8/18/2026, 11:06:59 PM
2026-09-18
$12.00
8/18/2026, 11:06:59 PM
2026-10-16
$13.00
8/18/2026, 11:06:59 PM
2026-12-18
$12.00
8/18/2026, 11:06:59 PM
2027-01-15
$3.00
8/18/2026, 11:06:59 PM
2027-02-19
$15.00
8/18/2026, 11:06:59 PM
2027-06-17
$15.00
8/18/2026, 11:06:59 PM
Selected expiration: 2026-08-21 at max pain $13.00.
BKD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
1945700
1945700
7
4500
1676100
1680600
9
14100
1136900
1151000
10
18900
867400
886300
12
28500
338400
366900
13
33700
88200
121900
14
401100
600
401700
15
965000
0
965000
16
1707500
0
1707500
17
2474200
0
2474200
18
3256500
0
3256500
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.