This page reflects BLCO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — BLCO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $14.00 (2.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$1.02
±6.3%
Days to Expiry
29
Calendar days
Total Call OI
2,630
Nearest expiry
Total Put OI
119
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$16.20
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$13.00
4/17/2026, 11:05:09 PM
2026-05-15
$14.00
5/15/2026, 11:07:38 PM
2026-06-18NextUpdated
$14.00
5/20/2026, 11:05:50 PM
2026-08-21
$13.00
5/20/2026, 11:05:50 PM
2026-11-20
$16.00
5/20/2026, 11:05:50 PM
2026-12-18
$17.00
5/20/2026, 11:05:50 PM
Selected expiration: 2026-06-18 at max pain $14.00.
BLCO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
43600
43600
14
2800
31700
34500
15
16100
19800
35900
16
29700
13200
42900
17
55500
6600
62100
18
85400
0
85400
19
120100
0
120100
20
359800
0
359800
23
1147300
0
1147300
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.