This page reflects BMY 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 — BMY
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $57.00 (1.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$57.00
Nearest expiry
Expected Move
±$1.27
±2.2%
Days to Expiry
2
Calendar days
Total Call OI
9,841
Nearest expiry
Total Put OI
8,541
Nearest expiry
P/C OI Ratio
0.87
Put-heavy
Spot Price
$58.54
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
$56.00
5/8/2026, 11:07:16 PM
2026-05-15
$57.00
5/15/2026, 11:03:39 PM
2026-05-22NextUpdated
$57.00
5/20/2026, 11:06:07 PM
2026-05-29
$58.00
5/20/2026, 11:06:07 PM
2026-06-05
$56.00
5/20/2026, 11:06:07 PM
2026-06-12
$58.00
5/20/2026, 11:06:07 PM
2026-06-18
$52.50
5/20/2026, 11:06:07 PM
2026-06-26
$55.00
5/20/2026, 11:06:07 PM
2026-07-17
$57.50
5/20/2026, 11:06:07 PM
2026-08-21
$57.50
5/20/2026, 11:06:07 PM
2026-09-18
$50.00
5/20/2026, 11:06:07 PM
2026-12-18
$52.50
5/20/2026, 11:06:07 PM
2027-01-15
$57.50
5/20/2026, 11:06:07 PM
2027-03-19
$60.00
5/20/2026, 11:06:07 PM
Selected expiration: 2026-05-22 at max pain $57.00.
BMY pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
18180700
18180700
40
0
13915200
13915200
45
5500
9649700
9655200
46
6800
8796600
8803400
48
9400
7090800
7100200
50
12600
5385000
5397600
51
15400
4535400
4550800
52
30300
3687900
3718200
53
56600
2873300
2929900
54
95800
2071000
2166800
55
135600
1331400
1467000
56
199500
685500
885000
57
331000
356600
687600
58
795700
163000
958700
59
1395100
76200
1471300
60
2075600
5700
2081300
61
2872400
1600
2874000
62
3718200
800
3719000
63
4602300
700
4603000
64
5531900
600
5532500
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.