This page reflects BNTX 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 — BNTX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (9.64 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$10.80
±11.9%
Days to Expiry
29
Calendar days
Total Call OI
12,180
Nearest expiry
Total Put OI
23,533
Nearest expiry
P/C OI Ratio
1.93
Put-heavy
Spot Price
$90.36
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
$92.50
4/17/2026, 11:06:48 PM
2026-05-15
$95.00
5/15/2026, 11:07:37 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:05:57 PM
2026-07-17
$90.00
5/20/2026, 11:05:57 PM
2026-09-18
$100.00
5/20/2026, 11:05:57 PM
2026-12-18
$92.50
5/20/2026, 11:05:57 PM
2027-01-15
$97.50
5/20/2026, 11:05:57 PM
Selected expiration: 2026-06-18 at max pain $100.00.
BNTX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
100870750
100870750
45
0
94987750
94987750
47.5
250
89106500
89106750
50
750
83227000
83227750
55
6750
71474500
71481250
60
12750
59735500
59748250
65
24250
48007500
48031750
70
35750
36407000
36442750
75
49250
24906000
24955250
77.5
57250
19438250
19495500
80
66500
14049500
14116000
82.5
79250
11600250
11679500
85
128500
9647000
9775500
87.5
184500
7898000
8082500
90
248250
6286250
6534500
92.5
370250
5131250
5501500
95
561500
4023500
4585000
97.5
939500
3211500
4151000
100
1491250
2540000
4031250
105
3317750
1554000
4871750
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.