This page reflects BSY 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 — BSY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $35.00 (0.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.48
±7.1%
Days to Expiry
3
Calendar days
Total Call OI
1,417
Nearest expiry
Total Put OI
740
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$34.64
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
$30.00
6/18/2026, 11:04:40 PM
2026-07-17
$30.00
7/17/2026, 11:07:50 PM
2026-08-21NextUpdated
$35.00
8/18/2026, 11:07:21 PM
2026-09-18
$35.00
8/18/2026, 11:07:21 PM
2026-11-20
$35.00
8/18/2026, 11:07:21 PM
2027-01-15
$35.00
8/18/2026, 11:07:21 PM
2027-02-19
$30.00
8/18/2026, 11:07:21 PM
Selected expiration: 2026-08-21 at max pain $35.00.
BSY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
1298250
1298250
17.5
0
1113500
1113500
20
0
929000
929000
22.5
0
745500
745500
25
0
564000
564000
30
3000
223500
226500
35
70500
6000
76500
40
246000
2500
248500
45
673000
1000
674000
50
1315000
0
1315000
55
2023500
0
2023500
60
2732000
0
2732000
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.