This page reflects BN 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 — BN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $43.00 (0.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.00
Nearest expiry
Expected Move
±$1.90
±4.4%
Days to Expiry
15
Calendar days
Total Call OI
13,753
Nearest expiry
Total Put OI
6,616
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$43.43
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
$43.00
5/15/2026, 11:05:11 PM
2026-06-18
$45.00
6/18/2026, 11:03:47 PM
2026-07-17NextUpdated
$43.00
7/3/2026, 11:03:46 PM
2026-08-21
$47.00
7/3/2026, 11:03:46 PM
2026-10-16
$43.00
7/3/2026, 11:03:46 PM
2027-01-15
$42.00
7/3/2026, 11:03:46 PM
Selected expiration: 2026-07-17 at max pain $43.00.
BN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
9938900
9938900
25
0
8284900
8284900
30
2500
5322400
5324900
35
11000
2408400
2419400
40
72500
893900
966400
41
88800
673900
762700
42
105600
464300
569900
43
134300
302200
436500
44
362500
175300
537800
45
764800
61600
826400
46
1306000
29300
1335300
47
1919400
10500
1929900
48
2730200
7000
2737200
49
3744400
3500
3747900
50
4775700
0
4775700
55
11198700
0
11198700
60
17818700
0
17818700
65
24547700
0
24547700
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.