This page reflects BRZE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — BRZE
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $25.00 (0.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$2.33
±9.2%
Days to Expiry
14
Calendar days
Total Call OI
9,995
Nearest expiry
Total Put OI
3,451
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$25.42
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$22.50
8/21/2026, 11:06:14 PM
2026-09-18
$27.50
9/18/2026, 11:03:51 PM
2026-10-16NextUpdated
$25.00
10/2/2026, 11:06:31 PM
2026-11-20
$25.00
10/2/2026, 11:06:31 PM
2026-12-18
$22.50
10/2/2026, 11:06:31 PM
2027-01-15
$17.50
10/2/2026, 11:06:31 PM
2027-02-19
$25.00
10/2/2026, 11:06:31 PM
2027-05-21
$17.50
10/2/2026, 11:06:31 PM
Selected expiration: 2026-10-16 at max pain $25.00.
BRZE pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2777000
2777000
17.5
0
1940250
1940250
20
0
1139500
1139500
22.5
4250
498250
502500
25
15500
53000
68500
27.5
207000
6500
213500
30
780250
0
780250
32.5
2086750
0
2086750
35
3525000
0
3525000
37.5
5944750
0
5944750
40
8422000
0
8422000
42.5
10907500
0
10907500
45
13395250
0
13395250
47.5
15893750
0
15893750
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.