This page reflects BLDP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — BLDP
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $3.00 (0.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3.00
Nearest expiry
Expected Move
±$0.38
±15.8%
Days to Expiry
1
Calendar days
Total Call OI
53,057
Nearest expiry
Total Put OI
1,243
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$2.37
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$4.00
6/18/2026, 11:05:53 PM
2026-07-17
$3.00
7/17/2026, 11:03:42 PM
2026-08-21NextUpdated
$3.00
8/20/2026, 11:06:17 PM
2026-09-18
$3.00
8/20/2026, 11:06:17 PM
2026-11-20
$3.00
8/20/2026, 11:06:17 PM
2027-02-19
$3.00
8/20/2026, 11:06:17 PM
Selected expiration: 2026-08-21 at max pain $3.00.
BLDP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
269250
269250
1
350
207600
207950
1.5
1550
147600
149150
2
4500
88500
93000
3
31300
19400
50700
4
402600
5200
407800
5
1799200
0
1799200
6
6350100
0
6350100
7
11365100
0
11365100
8
16557500
0
16557500
9
21812400
0
21812400
10
27079300
0
27079300
11
32373300
0
32373300
12
37673200
0
37673200
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.