This page reflects BLLN 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 — BLLN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $90.00 (6.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$15.85
±19.0%
Days to Expiry
29
Calendar days
Total Call OI
296
Nearest expiry
Total Put OI
418
Nearest expiry
P/C OI Ratio
1.41
Put-heavy
Spot Price
$83.38
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
$85.00
4/17/2026, 11:05:01 PM
2026-05-15
$85.00
5/15/2026, 11:07:49 PM
2026-06-18NextUpdated
$90.00
5/20/2026, 11:05:59 PM
2026-09-18
$75.00
5/20/2026, 11:05:59 PM
2026-12-18
$60.00
5/20/2026, 11:05:59 PM
Selected expiration: 2026-06-18 at max pain $90.00.
BLLN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1408000
1408000
45
0
1199000
1199000
55
0
781000
781000
60
0
575500
575500
65
0
396000
396000
70
0
258500
258500
75
0
132000
132000
80
0
67500
67500
85
5500
37000
42500
90
19000
12000
31000
95
76000
7000
83000
100
160000
2500
162500
105
250000
0
250000
110
342000
0
342000
115
441000
0
441000
120
585000
0
585000
125
732000
0
732000
135
1027000
0
1027000
140
1174500
0
1174500
145
1322500
0
1322500
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.