This page reflects BMY 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 — BMY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $62.50 (3.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$1.57
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
51,651
Nearest expiry
Total Put OI
47,159
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$66.05
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
$62.00
8/7/2026, 11:07:36 PM
2026-08-14
$63.00
8/14/2026, 11:07:48 PM
2026-08-21NextUpdated
$62.50
8/18/2026, 11:06:46 PM
2026-08-28
$62.00
8/18/2026, 11:06:46 PM
2026-09-04
$64.00
8/18/2026, 11:06:46 PM
2026-09-11
$63.00
8/18/2026, 11:06:46 PM
2026-09-18
$55.00
8/18/2026, 11:06:46 PM
2026-09-25
$64.00
8/18/2026, 11:06:46 PM
2026-10-02
$55.00
8/18/2026, 11:06:46 PM
2026-10-16
$65.00
8/18/2026, 11:06:46 PM
2026-11-20
$62.50
8/18/2026, 11:06:46 PM
2026-12-18
$60.00
8/18/2026, 11:06:46 PM
2027-01-15
$57.50
8/18/2026, 11:06:46 PM
2027-03-19
$60.00
8/18/2026, 11:06:46 PM
2027-06-17
$62.50
8/18/2026, 11:06:46 PM
Selected expiration: 2026-08-21 at max pain $62.50.
BMY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
139686800
139686800
35
1500
115992300
115993800
40
4500
92297800
92302300
45
15500
68620800
68636300
50
28000
45070800
45098800
51
50800
40514900
40565700
52
73900
35960000
36033900
52.5
85750
33682600
33768350
53
103350
31572400
31675750
54
140250
27555700
27695950
55
177750
23648600
23826350
56
314950
20154100
20469050
57
452150
16664900
17117050
57.5
520900
14924500
15445400
58
669550
13281200
13950750
59
967950
10034300
11002250
60
1269950
6795700
8065650
61
2604250
3680100
6284350
62
3957850
1860800
5818650
62.5
4763750
966300
5730050
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.