This page reflects BTG 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 — BTG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $4.00 (0.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.28
±6.7%
Days to Expiry
8
Calendar days
Total Call OI
883
Nearest expiry
Total Put OI
985
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$4.08
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
$4.00
6/26/2026, 11:06:26 PM
2026-07-02
$4.00
7/2/2026, 11:07:21 PM
2026-07-10NextUpdated
$4.00
7/3/2026, 11:06:50 PM
2026-07-17
$4.00
7/3/2026, 11:06:50 PM
2026-07-24
$1.00
7/3/2026, 11:06:50 PM
2026-07-31
$0.50
7/3/2026, 11:06:50 PM
2026-08-07
$4.00
7/3/2026, 11:06:50 PM
2026-08-21
$4.50
7/3/2026, 11:06:50 PM
2026-10-16
$4.00
7/3/2026, 11:06:50 PM
2026-11-20
$4.00
7/3/2026, 11:06:50 PM
2027-01-15
$3.00
7/3/2026, 11:06:50 PM
Selected expiration: 2026-07-10 at max pain $4.00.
BTG pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
328000
328000
1
2100
278750
280850
1.5
5650
229500
235150
2
9850
180250
190100
3
18650
81850
100500
3.5
23550
32650
56200
4
28600
7650
36250
4.5
51050
800
51850
5
89700
350
90050
5.5
132250
300
132550
6.5
219950
200
220150
7
263900
150
264050
8
351800
50
351850
8.5
395800
0
395800
9
439800
0
439800
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.