thetaOwl

BTSG

BrightSpring Health Services, IClose $69.03EOD only
Max Pain
$45.00
Next expiry Jul 17, 2026
Expected Move
±$4.70
6.8% from close
Price Gap
-24.03
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.79
Slightly call-heavy
Consensus
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects BTSG 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 — BTSG
Data as of market close Jul 2, 2026

Nearest listed expiration 2026-07-17 shows max pain at $45.00 (24.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$4.70
±6.8%
Days to Expiry
15
Calendar days
Total Call OI
1,629
Nearest expiry
Total Put OI
394
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$69.03
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-17
ExpirationMax Pain StrikeLast Updated
2026-05-15$50.005/15/2026, 11:06:26 PM
2026-06-18$60.006/18/2026, 11:06:42 PM
2026-07-17NextUpdated$45.007/3/2026, 11:06:56 PM
2026-08-21$65.007/3/2026, 11:06:56 PM
2026-09-18$50.007/3/2026, 11:06:56 PM
2026-10-16$60.007/3/2026, 11:06:56 PM
2026-12-18$20.007/3/2026, 11:06:56 PM
2027-01-15$45.007/3/2026, 11:06:56 PM
2027-02-19$35.007/3/2026, 11:06:56 PM
2027-03-19$45.007/3/2026, 11:06:56 PM
2027-04-16$45.007/3/2026, 11:06:56 PM
Selected expiration: 2026-07-17 at max pain $45.00.
BTSG pain by strike for 2026-07-17 expiration
StrikeCall PainPut PainTotal Pain
22.50888750888750
250791500791500
301000598000599000
354500407500412000
4015500291500307000
4561000188500249500
50149500117500267000
5534250065500408000
6054900033000582000
657870007500794500
70125550020001257500
75176850001768500
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.