This page reflects BKKT 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 — BKKT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $9.50 (1.14 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.50
Nearest expiry
Expected Move
±$0.38
±4.5%
Days to Expiry
8
Calendar days
Total Call OI
152
Nearest expiry
Total Put OI
170
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$8.36
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$2.00
6/26/2026, 11:05:23 PM
2026-07-02
$8.00
7/2/2026, 11:06:05 PM
2026-07-10NextUpdated
$9.50
7/3/2026, 11:05:35 PM
2026-07-17
$9.00
7/3/2026, 11:05:35 PM
2026-07-24
$2.00
7/3/2026, 11:05:35 PM
2026-07-31
$3.00
7/3/2026, 11:05:35 PM
2026-08-21
$8.00
7/3/2026, 11:05:35 PM
2026-09-18
$8.00
7/3/2026, 11:05:35 PM
2026-12-18
$8.00
7/3/2026, 11:05:35 PM
2027-01-15
$8.00
7/3/2026, 11:05:35 PM
Selected expiration: 2026-07-10 at max pain $9.50.
BKKT pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
99400
99400
2
0
82600
82600
3
300
66300
66600
3.5
450
58400
58850
4
600
50750
51350
4.5
750
43350
44100
5
900
36200
37100
5.5
1100
29300
30400
6
1300
22700
24000
6.5
1500
16200
17700
7
1700
10700
12400
7.5
1900
6600
8500
8
2100
2800
4900
9
2500
1300
3800
9.5
2700
650
3350
10
3750
0
3750
10.5
10200
0
10200
11
16700
0
16700
12
30500
0
30500
19
136900
0
136900
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.