This page reflects BRO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — BRO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $65.00 (4.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$2.35
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
5,867
Nearest expiry
Total Put OI
1,622
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$69.37
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
2026-06-18
$55.00
6/18/2026, 11:08:29 PM
2026-07-17
$55.00
7/17/2026, 11:07:57 PM
2026-08-21NextUpdated
$65.00
8/18/2026, 11:07:00 PM
2026-09-18
$65.00
8/18/2026, 11:07:00 PM
2026-12-18
$60.00
8/18/2026, 11:07:00 PM
2027-03-19
$55.00
8/18/2026, 11:07:00 PM
Selected expiration: 2026-08-21 at max pain $65.00.
BRO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
5269000
5269000
45
0
2842000
2842000
50
0
2037000
2037000
55
0
1244500
1244500
60
0
472500
472500
65
0
111500
111500
70
396000
5000
401000
75
1460500
2000
1462500
80
4108500
0
4108500
85
7037000
0
7037000
90
9965500
0
9965500
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.