Nearest listed expiration 2026-07-10 shows max pain at $175.00 (9.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$7.85
±4.3%
Days to Expiry
8
Calendar days
Total Call OI
3,512
Nearest expiry
Total Put OI
2,588
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$184.56
Published close
Consensus
5.0/10
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
$170.00
6/26/2026, 11:08:27 PM
2026-07-02
$175.00
7/2/2026, 11:05:38 PM
2026-07-10NextUpdated
$175.00
7/3/2026, 11:07:24 PM
2026-07-17
$160.00
7/3/2026, 11:07:24 PM
2026-07-24
$170.00
7/3/2026, 11:07:24 PM
2026-07-31
$180.00
7/3/2026, 11:07:24 PM
2026-08-07
$180.00
7/3/2026, 11:07:24 PM
2026-08-21
$170.00
7/3/2026, 11:07:24 PM
2026-09-18
$176.00
7/3/2026, 11:07:24 PM
2026-10-16
$162.40
7/3/2026, 11:07:24 PM
2026-12-18
$178.00
7/3/2026, 11:07:24 PM
2027-01-15
$188.00
7/3/2026, 11:07:24 PM
2027-03-19
$176.00
7/3/2026, 11:07:24 PM
2027-06-17
$172.00
7/3/2026, 11:07:24 PM
Selected expiration: 2026-07-10 at max pain $175.00.
BKNG pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
11227500
11227500
130
12000
9933500
9945500
135
24000
8646000
8670000
140
36000
7426500
7462500
145
48000
6214500
6262500
150
60000
5028500
5088500
152.5
67250
4469750
4537000
155
74500
3911500
3986000
160
90500
2857500
2948000
162.5
99250
2386500
2485750
165
108000
1921250
2029250
167.5
164000
1541500
1705500
170
222000
1191000
1413000
172.5
295750
902750
1198500
175
374250
659500
1033750
177.5
542250
516500
1058750
180
719250
379750
1099000
182.5
949750
255750
1205500
185
1201250
158000
1359250
187.5
1637250
71000
1708250
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.