This page reflects BN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — BN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $38.00 (1.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$38.00
Nearest expiry
Expected Move
±$1.62
±4.4%
Days to Expiry
14
Calendar days
Total Call OI
9,290
Nearest expiry
Total Put OI
35,530
Nearest expiry
P/C OI Ratio
3.82
Put-heavy
Spot Price
$36.92
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$42.00
8/21/2026, 11:07:27 PM
2026-09-18
$39.00
9/18/2026, 11:07:04 PM
2026-10-16NextUpdated
$38.00
10/2/2026, 11:06:24 PM
2026-11-20
$39.00
10/2/2026, 11:06:24 PM
2026-12-18
$37.00
10/2/2026, 11:06:24 PM
2027-01-15
$40.00
10/2/2026, 11:06:24 PM
2027-04-16
$39.00
10/2/2026, 11:06:24 PM
2027-05-21
$33.00
10/2/2026, 11:06:24 PM
Selected expiration: 2026-10-16 at max pain $38.00.
BN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
53410500
53410500
23
1200
42752100
42753300
25
2200
35662500
35664700
30
6700
18015500
18022200
31
22000
14962400
14984400
32
37400
11928600
11966000
33
52900
8901300
8954200
34
68700
5880000
5948700
35
86800
2872000
2958800
36
119800
1169600
1289400
37
196100
582000
778100
38
402400
210500
612900
39
616500
86900
703400
40
868400
19700
888100
41
1248700
9300
1258000
42
1701300
7400
1708700
43
2159600
6400
2166000
44
2632600
5400
2638000
45
3118400
4400
3122800
46
3774900
3400
3778300
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.