This page reflects BMI 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 — BMI
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $130.00 (15.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$9.10
±6.2%
Days to Expiry
15
Calendar days
Total Call OI
363
Nearest expiry
Total Put OI
122
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$145.87
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
$115.00
5/15/2026, 11:06:45 PM
2026-06-18
$120.00
6/18/2026, 11:06:17 PM
2026-07-17NextUpdated
$130.00
7/3/2026, 11:05:49 PM
2026-08-21
$130.00
7/3/2026, 11:05:49 PM
2026-11-20
$120.00
7/3/2026, 11:05:49 PM
2027-02-19
$145.00
7/3/2026, 11:05:49 PM
Selected expiration: 2026-07-17 at max pain $130.00.
BMI pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
419000
419000
95
0
298000
298000
100
0
245000
245000
105
0
194000
194000
110
0
144500
144500
115
0
98000
98000
120
0
63000
63000
125
1500
42500
44000
130
4000
25500
29500
135
14500
16500
31000
140
33000
8500
41500
145
183000
500
183500
150
338000
0
338000
155
505500
0
505500
165
855500
0
855500
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.