This page reflects BKR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — BKR
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $55.00 (2.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$3.25
±5.7%
Days to Expiry
11
Calendar days
Total Call OI
9,758
Nearest expiry
Total Put OI
2,589
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$57.38
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$60.00
8/21/2026, 11:05:38 PM
2026-09-18
$60.00
9/18/2026, 11:03:45 PM
2026-10-16NextUpdated
$55.00
10/5/2026, 11:06:28 PM
2026-11-20
$60.00
10/5/2026, 11:06:28 PM
2026-12-18
$55.00
10/5/2026, 11:06:28 PM
2027-01-15
$55.00
10/5/2026, 11:06:28 PM
2027-03-19
$60.00
10/5/2026, 11:06:28 PM
2027-04-16
$55.00
10/5/2026, 11:06:28 PM
2027-06-17
$55.00
10/5/2026, 11:06:28 PM
2027-09-17
$50.00
10/5/2026, 11:06:28 PM
Selected expiration: 2026-10-16 at max pain $55.00.
BKR pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
5269000
5269000
40
500
3978000
3978500
45
1500
2695000
2696500
50
3500
1425500
1429000
55
23000
374500
397500
60
743500
52000
795500
65
3067500
0
3067500
70
7079500
0
7079500
75
11789000
0
11789000
80
16576500
0
16576500
85
21453000
0
21453000
90
26329500
0
26329500
95
31206500
0
31206500
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.