This page reflects BLSH 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 — BLSH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.50 (0.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.50
Nearest expiry
Expected Move
±$1.27
±5.2%
Days to Expiry
3
Calendar days
Total Call OI
5,569
Nearest expiry
Total Put OI
4,873
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$24.62
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
2026-08-07
$23.00
8/7/2026, 11:07:21 PM
2026-08-14
$24.50
8/14/2026, 11:07:39 PM
2026-08-21NextUpdated
$25.50
8/18/2026, 11:07:12 PM
2026-08-28
$23.00
8/18/2026, 11:07:12 PM
2026-09-04
$25.00
8/18/2026, 11:07:12 PM
2026-09-11
$25.00
8/18/2026, 11:07:12 PM
2026-09-18
$30.00
8/18/2026, 11:07:12 PM
2026-09-25
$27.00
8/18/2026, 11:07:12 PM
2026-10-02
$25.00
8/18/2026, 11:07:12 PM
2026-12-18
$35.00
8/18/2026, 11:07:12 PM
2027-01-15
$35.00
8/18/2026, 11:07:12 PM
2027-03-19
$22.50
8/18/2026, 11:07:12 PM
Selected expiration: 2026-08-21 at max pain $25.50.
BLSH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
5838250
5838250
13
0
5596300
5596300
14
0
5112500
5112500
15
0
4629100
4629100
16
0
4147200
4147200
17
0
3681500
3681500
17.5
0
3450100
3450100
18
250
3233500
3233750
18.5
500
3017150
3017650
19
750
2801150
2801900
19.5
1000
2585850
2586850
20
1250
2372000
2373250
20.5
3850
2168250
2172100
21
6450
1965050
1971500
21.5
9450
1762750
1772200
22
13400
1560650
1574050
22.5
17550
1359650
1377200
23
22700
1160550
1183250
23.5
28700
963650
992350
24
42700
782350
825050
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.