This page reflects BP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — BP
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $43.50 (0.65 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.50
Nearest expiry
Expected Move
±$1.12
±2.6%
Days to Expiry
4
Calendar days
Total Call OI
20,262
Nearest expiry
Total Put OI
18,986
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$42.85
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
2026-08-07
$42.00
8/7/2026, 11:04:11 PM
2026-08-14
$43.00
8/14/2026, 11:05:45 PM
2026-08-21NextUpdated
$43.50
8/17/2026, 11:03:44 PM
2026-08-28
$43.00
8/17/2026, 11:03:44 PM
2026-09-04
$42.00
8/17/2026, 11:03:44 PM
2026-09-11
$42.00
8/17/2026, 11:03:44 PM
2026-09-18
$40.00
8/17/2026, 11:03:44 PM
2026-09-25
$41.00
8/17/2026, 11:03:44 PM
2026-10-02
$39.00
8/17/2026, 11:03:44 PM
2026-10-16
$44.00
8/17/2026, 11:03:44 PM
2026-12-18
$37.00
8/17/2026, 11:03:44 PM
2027-01-15
$37.00
8/17/2026, 11:03:44 PM
2027-03-19
$37.00
8/17/2026, 11:03:44 PM
2027-06-17
$35.00
8/17/2026, 11:03:44 PM
Selected expiration: 2026-08-21 at max pain $43.50.
BP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
29057700
29057700
26
100
27162600
27162700
27
200
25267500
25267700
28
1700
23375000
23376700
29
4600
21484100
21488700
30
7600
19595300
19602900
31
10700
17708200
17718900
32
14000
15855200
15869200
33
17500
14017400
14034900
34
21000
12185800
12206800
35
24500
10369700
10394200
36
28300
8632300
8660600
36.5
30200
7802200
7832400
37
32100
6974900
7007000
37.5
34000
6187350
6221350
38
35900
5401550
5437450
38.5
37850
4675700
4713550
39
40050
3958850
3998900
39.5
44500
3273300
3317800
40
49100
2593050
2642150
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.