This page reflects BKR 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 — BKR
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (7.22 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$3.53
±6.7%
Days to Expiry
15
Calendar days
Total Call OI
12,664
Nearest expiry
Total Put OI
7,270
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$52.78
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$65.00
5/15/2026, 11:07:07 PM
2026-06-18
$55.00
6/18/2026, 11:07:17 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:03:52 PM
2026-08-21
$60.00
7/3/2026, 11:03:52 PM
2026-09-18
$60.00
7/3/2026, 11:03:52 PM
2026-10-16
$65.00
7/3/2026, 11:03:52 PM
2026-12-18
$50.00
7/3/2026, 11:03:52 PM
2027-01-15
$50.00
7/3/2026, 11:03:52 PM
2027-03-19
$60.00
7/3/2026, 11:03:52 PM
2027-06-17
$55.00
7/3/2026, 11:03:52 PM
Selected expiration: 2026-07-17 at max pain $60.00.
BKR pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
19640000
19640000
35
0
16006500
16006500
40
1500
12373000
12374500
41
3000
11647400
11650400
42
4500
10924800
10929300
43
6200
10202900
10209100
44
7900
9481200
9489100
45
10700
8759500
8770200
46
15000
8039600
8054600
47
21200
7321400
7342600
48
29400
6618200
6647600
49
47600
5920500
5968100
50
66300
5231000
5297300
55
193800
1938000
2131800
60
835300
35000
870300
65
2299800
5000
2304800
70
4572300
0
4572300
75
9895300
0
9895300
80
16052300
0
16052300
85
22349300
0
22349300
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.