This page reflects BKE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — BKE
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (7.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$12.55
±26.2%
Days to Expiry
30
Calendar days
Total Call OI
1,015
Nearest expiry
Total Put OI
1,615
Nearest expiry
P/C OI Ratio
1.59
Put-heavy
Spot Price
$47.89
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$52.50
4/17/2026, 11:06:10 PM
2026-05-15
$52.50
5/15/2026, 11:07:14 PM
2026-06-18NextUpdated
$55.00
5/19/2026, 11:04:54 PM
2026-09-18
$50.00
5/19/2026, 11:04:54 PM
2026-12-18
$60.00
5/19/2026, 11:04:54 PM
Selected expiration: 2026-06-18 at max pain $55.00.
BKE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
27
0
3871350
3871350
29.5
0
3467600
3467600
30
0
3387100
3387100
32
400
3065100
3065500
34.5
1900
2663600
2665500
35
2300
2583500
2585800
37
4700
2263700
2268400
37.5
5300
2184200
2189500
39.5
8100
1866800
1874900
42
12350
1487300
1499650
42.5
16550
1413900
1430450
44.5
34350
1132300
1166650
45
39000
1062250
1101250
47
66600
784850
851450
47.5
73600
728200
801800
49.5
103000
502200
605200
50
115200
446950
562150
52
164200
226150
390350
52.5
178800
195100
373900
54.5
245600
71100
316700
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.