This page reflects BN 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 — BN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $46.00 (0.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$46.00
Nearest expiry
Expected Move
±$2.97
±6.6%
Days to Expiry
29
Calendar days
Total Call OI
6,597
Nearest expiry
Total Put OI
1,446
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$45.34
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$42.00
4/17/2026, 11:05:11 PM
2026-05-15
$43.00
5/15/2026, 11:05:11 PM
2026-06-18NextUpdated
$46.00
5/20/2026, 11:08:27 PM
2026-07-17
$45.00
5/20/2026, 11:08:27 PM
2026-10-16
$41.00
5/20/2026, 11:08:27 PM
2027-01-15
$45.00
5/20/2026, 11:08:27 PM
Selected expiration: 2026-06-18 at max pain $46.00.
BN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1865500
1865500
32
0
1576500
1576500
33
0
1432200
1432200
34
0
1288900
1288900
35
100
1145800
1145900
36
200
1007000
1007200
37
300
869500
869800
38
700
742000
742700
39
1100
615900
617000
40
1500
500000
501500
41
2500
394800
397300
42
3900
296700
300600
43
6300
205300
211600
44
9100
122400
131500
45
13400
49600
63000
46
34100
26700
60800
47
78600
16700
95300
48
142900
9000
151900
49
465200
5200
470400
50
843100
1500
844600
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.