This page reflects BTG 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 — BTG
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $5.00 (0.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.33
±6.3%
Days to Expiry
7
Calendar days
Total Call OI
2,887
Nearest expiry
Total Put OI
630
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$5.20
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$4.50
9/25/2026, 11:03:50 PM
2026-10-02Updated
$4.50
10/2/2026, 11:06:51 PM
2026-10-09Next
$5.00
10/2/2026, 11:06:51 PM
2026-10-16
$5.00
10/2/2026, 11:06:51 PM
2026-10-23
$5.00
10/2/2026, 11:06:51 PM
2026-10-30
$5.00
10/2/2026, 11:06:51 PM
2026-11-06
$1.50
10/2/2026, 11:06:51 PM
2026-11-20
$4.50
10/2/2026, 11:06:51 PM
2027-01-15
$3.00
10/2/2026, 11:06:51 PM
2027-04-16
$3.00
10/2/2026, 11:06:51 PM
Selected expiration: 2026-10-09 at max pain $5.00.
BTG pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
246600
246600
1.5
3700
215250
218950
2
7600
184000
191600
2.5
14400
152750
167150
3
24200
121500
145700
4
46900
60000
106900
4.5
58500
29250
87750
5
70550
6100
76650
5.5
135900
150
136050
6
242550
100
242650
6.5
386600
50
386650
7
530700
0
530700
7.5
674850
0
674850
9.5
1251850
0
1251850
10
1396150
0
1396150
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.