This page reflects BP 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 — BP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $38.00 (0.60 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
±$1.30
±3.5%
Days to Expiry
8
Calendar days
Total Call OI
1,763
Nearest expiry
Total Put OI
909
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$37.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$39.00
6/26/2026, 11:03:47 PM
2026-07-02
$37.00
7/2/2026, 11:04:08 PM
2026-07-10NextUpdated
$38.00
7/3/2026, 11:04:05 PM
2026-07-17
$39.00
7/3/2026, 11:04:05 PM
2026-07-24
$39.00
7/3/2026, 11:04:05 PM
2026-07-31
$38.00
7/3/2026, 11:04:05 PM
2026-08-07
$38.00
7/3/2026, 11:04:05 PM
2026-08-21
$42.00
7/3/2026, 11:04:05 PM
2026-09-18
$37.00
7/3/2026, 11:04:05 PM
2026-10-16
$41.00
7/3/2026, 11:04:05 PM
2026-12-18
$37.00
7/3/2026, 11:04:05 PM
2027-01-15
$37.00
7/3/2026, 11:04:05 PM
2027-03-19
$37.00
7/3/2026, 11:04:05 PM
2027-06-17
$37.00
7/3/2026, 11:04:05 PM
Selected expiration: 2026-07-10 at max pain $38.00.
BP pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
1118750
1118750
30
500
664250
664750
32
1100
482450
483550
33
1700
391550
393250
34
2300
303850
306150
35
2900
225450
228350
35.5
3200
187000
190200
36
3500
149550
153050
36.5
4300
117150
121450
37
6600
84800
91400
37.5
15150
64900
80050
38
32700
45250
77950
38.5
52050
31900
83950
39
72400
18850
91250
39.5
96700
12550
109250
40
121700
8350
130050
40.5
149650
4150
153800
41
178150
500
178650
41.5
206950
250
207200
42
240350
0
240350
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.