This page reflects BMRN 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 — BMRN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $65.00 (1.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$3.20
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
11,973
Nearest expiry
Total Put OI
4,445
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$66.99
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
$52.50
6/18/2026, 11:06:54 PM
2026-07-17
$55.00
7/17/2026, 11:04:04 PM
2026-08-21NextUpdated
$65.00
8/18/2026, 11:06:33 PM
2026-09-18
$55.00
8/18/2026, 11:06:33 PM
2026-10-16
$57.50
8/18/2026, 11:06:33 PM
2027-01-15
$60.00
8/18/2026, 11:06:33 PM
Selected expiration: 2026-08-21 at max pain $65.00.
BMRN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
13662750
13662750
32.5
0
12552000
12552000
37.5
0
10330500
10330500
40
0
9219750
9219750
45
0
6998750
6998750
47.5
0
5892000
5892000
50
0
4786750
4786750
52.5
2250
3703000
3705250
55
7000
2733750
2740750
57.5
78500
1947250
2025750
60
316750
1267000
1583750
62.5
743500
695750
1439250
65
1234250
147250
1381500
67.5
1847000
38000
1885000
70
2489750
2500
2492250
72.5
3897750
1250
3899000
75
6304000
0
6304000
80
12132000
0
12132000
85
18040500
0
18040500
95
30008500
0
30008500
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.