This page reflects BKKT 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 — BKKT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.50 (0.57 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$0.40
±5.8%
Days to Expiry
3
Calendar days
Total Call OI
1,021
Nearest expiry
Total Put OI
291
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$6.93
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
2026-08-07
$2.00
8/7/2026, 11:07:14 PM
2026-08-14
$2.00
8/14/2026, 11:06:29 PM
2026-08-21NextUpdated
$7.50
8/18/2026, 11:06:49 PM
2026-08-28
$6.00
8/18/2026, 11:06:49 PM
2026-09-04
$1.00
8/18/2026, 11:06:49 PM
2026-09-11
$1.00
8/18/2026, 11:06:49 PM
2026-09-18
$8.00
8/18/2026, 11:06:49 PM
2026-09-25
$1.00
8/18/2026, 11:06:49 PM
2026-12-18
$8.00
8/18/2026, 11:06:49 PM
2027-01-15
$8.00
8/18/2026, 11:06:49 PM
2027-03-19
$3.00
8/18/2026, 11:06:49 PM
Selected expiration: 2026-08-21 at max pain $7.50.
BKKT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
179050
179050
2
5600
150150
155750
3
11900
121850
133750
3.5
15250
108050
123300
4
18600
94250
112850
4.5
21950
80700
102650
5
25350
67500
92850
5.5
28750
54500
83250
6
32400
41950
74350
6.5
36050
31000
67050
7
39700
21650
61350
7.5
44400
15000
59400
8
52300
12900
65200
8.5
90100
11400
101500
9
128500
9900
138400
9.5
169000
8550
177550
10
210350
7200
217550
10.5
255300
6150
261450
11
300350
5150
305500
11.5
345900
4250
350150
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.