This page reflects BLSH 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 — BLSH
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $40.50 (3.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.50
Nearest expiry
Expected Move
±$1.84
±5.0%
Days to Expiry
2
Calendar days
Total Call OI
6,062
Nearest expiry
Total Put OI
3,974
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$36.97
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$40.00
5/8/2026, 11:07:17 PM
2026-05-15
$44.00
5/15/2026, 11:07:54 PM
2026-05-22NextUpdated
$40.50
5/20/2026, 11:08:16 PM
2026-05-29
$39.00
5/20/2026, 11:08:16 PM
2026-06-05
$34.00
5/20/2026, 11:08:16 PM
2026-06-12
$40.00
5/20/2026, 11:08:16 PM
2026-06-18
$40.00
5/20/2026, 11:08:16 PM
2026-06-26
$41.00
5/20/2026, 11:08:16 PM
2026-07-17
$40.00
5/20/2026, 11:08:16 PM
2026-09-18
$35.00
5/20/2026, 11:08:16 PM
2026-12-18
$40.00
5/20/2026, 11:08:16 PM
2027-01-15
$40.00
5/20/2026, 11:08:16 PM
Selected expiration: 2026-05-22 at max pain $40.50.
BLSH pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
6313550
6313550
26
0
5519150
5519150
27
0
5122450
5122450
28
100
4726450
4726550
29
200
4331450
4331650
29.5
250
4134350
4134600
30
300
3937800
3938100
30.5
350
3743750
3744100
31
400
3550800
3551200
31.5
450
3359550
3360000
32
500
3169050
3169550
32.5
550
2979950
2980500
33
600
2791500
2792100
33.5
650
2605400
2606050
34
700
2419950
2420650
34.5
750
2239650
2240400
35
950
2059950
2060900
35.5
2400
1885700
1888100
36
3950
1712200
1716150
36.5
52400
1540150
1592550
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.