This page reflects BN 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 — BN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $42.00 (0.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$0.85
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
9,320
Nearest expiry
Total Put OI
3,493
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$42.13
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
$45.00
6/18/2026, 11:03:47 PM
2026-07-17
$45.00
7/17/2026, 11:07:49 PM
2026-08-21NextUpdated
$42.00
8/18/2026, 11:06:59 PM
2026-09-18
$43.00
8/18/2026, 11:06:59 PM
2026-10-16
$44.00
8/18/2026, 11:06:59 PM
2027-01-15
$43.00
8/18/2026, 11:06:59 PM
Selected expiration: 2026-08-21 at max pain $42.00.
BN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
3847500
3847500
35
0
2101500
2101500
36
100
1763400
1763500
37
200
1430800
1431000
38
500
1110700
1111200
39
800
805600
806400
40
1200
516200
517400
41
2200
340700
342900
42
10200
201400
211600
43
179700
88800
268500
44
395200
44700
439900
45
631100
25600
656700
46
967500
12900
980400
47
1465200
300
1465500
48
2044500
200
2044700
49
2919500
100
2919600
50
3829400
0
3829400
55
8461400
0
8461400
60
13121400
0
13121400
65
17781400
0
17781400
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.