This page reflects BLLN 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 — BLLN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $100.00 (20.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$6.95
±5.8%
Days to Expiry
15
Calendar days
Total Call OI
365
Nearest expiry
Total Put OI
429
Nearest expiry
P/C OI Ratio
1.18
Put-heavy
Spot Price
$120.35
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
$85.00
5/15/2026, 11:07:49 PM
2026-06-18
$95.00
6/18/2026, 11:07:01 PM
2026-07-17NextUpdated
$100.00
7/3/2026, 11:06:04 PM
2026-08-21
$105.00
7/3/2026, 11:06:04 PM
2026-09-18
$70.00
7/3/2026, 11:06:04 PM
2026-12-18
$75.00
7/3/2026, 11:06:04 PM
Selected expiration: 2026-07-17 at max pain $100.00.
BLLN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
1850000
1850000
70
0
992000
992000
75
0
787500
787500
80
0
594500
594500
85
0
417000
417000
90
2000
242000
244000
95
13000
99500
112500
100
27000
30500
57500
105
71500
10500
82000
110
121500
0
121500
115
181500
0
181500
120
250500
0
250500
125
371000
0
371000
130
538500
0
538500
135
710500
0
710500
140
891500
0
891500
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.