Bank Nova Scotia Halifax Pfd 3Close $85.40EOD only
Max Pain
$80.00
Next expiry Jul 17, 2026
Expected Move
±$2.20
2.6% from close
Price Gap
-5.40
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.65
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects BNS 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 — BNS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $80.00 (5.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$2.20
±2.6%
Days to Expiry
15
Calendar days
Total Call OI
1,140
Nearest expiry
Total Put OI
663
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$85.40
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
$72.50
5/15/2026, 11:03:49 PM
2026-06-18
$77.50
6/18/2026, 11:06:15 PM
2026-07-17NextUpdated
$80.00
7/3/2026, 11:07:19 PM
2026-08-21
$85.00
7/3/2026, 11:07:19 PM
2026-09-18
$77.50
7/3/2026, 11:07:19 PM
2026-11-20
$72.50
7/3/2026, 11:07:19 PM
2026-12-18
$80.00
7/3/2026, 11:07:19 PM
Selected expiration: 2026-07-17 at max pain $80.00.
BNS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
2167500
2167500
65
0
1012500
1012500
70
0
684500
684500
72.5
0
521500
521500
75
1000
365000
366000
77.5
3000
219000
222000
80
30000
148000
178000
82.5
101750
83250
185000
85
185000
30750
215750
87.5
284250
13000
297250
90
534250
0
534250
95
1101250
0
1101250
100
1670750
0
1670750
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.