This page reflects BKE 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 — BKE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $42.50 (0.61 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
±$2.10
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
1,168
Nearest expiry
Total Put OI
134
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$43.11
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
$52.00
6/18/2026, 11:05:30 PM
2026-07-17
$42.50
7/17/2026, 11:07:22 PM
2026-08-21NextUpdated
$42.50
8/18/2026, 11:06:45 PM
2026-09-18
$50.00
8/18/2026, 11:06:45 PM
2026-12-18
$40.00
8/18/2026, 11:06:45 PM
2027-03-19
$37.50
8/18/2026, 11:06:45 PM
Selected expiration: 2026-08-21 at max pain $42.50.
BKE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
167000
167000
30
0
133750
133750
32.5
250
100500
100750
35
500
67750
68250
37.5
750
39750
40500
40
1000
12500
13500
42.5
2250
4000
6250
45
10250
1500
11750
47.5
78750
1250
80000
50
334250
1000
335250
52.5
600000
750
600750
60
1476000
0
1476000
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.