This page reflects BLLN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — BLLN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $95.00 (7.01 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$3.25
±3.7%
Days to Expiry
3
Calendar days
Total Call OI
1,267
Nearest expiry
Total Put OI
671
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$87.99
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
$95.00
6/18/2026, 11:07:01 PM
2026-07-17
$115.00
7/17/2026, 11:07:17 PM
2026-08-21NextUpdated
$95.00
8/18/2026, 11:04:03 PM
2026-09-18
$100.00
8/18/2026, 11:04:03 PM
2026-12-18
$110.00
8/18/2026, 11:04:03 PM
2027-03-19
$90.00
8/18/2026, 11:04:03 PM
Selected expiration: 2026-08-21 at max pain $95.00.
BLLN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
2168500
2168500
75
0
1165000
1165000
80
500
838500
839000
85
4000
547000
551000
90
21500
269000
290500
95
65500
96000
161500
100
251500
55000
306500
105
533000
27000
560000
110
834500
1500
836000
115
1145000
0
1145000
120
1491000
0
1491000
125
1849000
0
1849000
130
2221500
0
2221500
135
2603000
0
2603000
140
2999000
0
2999000
145
3450000
0
3450000
150
4030500
0
4030500
155
4632500
0
4632500
160
5239500
0
5239500
165
5850500
0
5850500
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.