Max Pain — BTU
Data as of market close Apr 2, 2026
BTU Max Pain Data
- Max Pain Strike
- $36.00
- Expected Move
- ±$2.58 (±7.7%)
- Days to Expiry
- 8
- Total Call OI
- 1,646
- Total Put OI
- 1,970
- Put/Call OI Ratio
- 1.20
- Spot Price
- $33.56
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $37.00 | 3/27/2026, 2:12:20 PM |
| 2026-04-02 | $37.50 | 4/1/2026, 6:15:49 PM |
| 2026-04-10 | $36.00 | 4/3/2026, 12:04:47 AM |
| 2026-04-17 | $31.00 | 4/3/2026, 12:04:47 AM |
| 2026-04-24 | $34.00 | 4/3/2026, 12:04:47 AM |
| 2026-05-01 | $33.00 | 4/3/2026, 12:04:47 AM |
| 2026-05-15 | $35.00 | 4/3/2026, 12:04:47 AM |
| 2026-06-18 | $33.00 | 4/3/2026, 12:04:47 AM |
| 2026-07-17 | $34.00 | 4/3/2026, 12:04:47 AM |
| 2026-09-18 | $35.00 | 4/3/2026, 12:04:47 AM |
| 2026-10-16 | $34.00 | 4/3/2026, 12:04:47 AM |
| 2026-11-20 | $35.00 | 4/3/2026, 12:04:47 AM |
| 2026-12-18 | $30.00 | 4/3/2026, 12:04:47 AM |
| 2027-01-15 | $20.00 | 4/3/2026, 12:04:47 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 29 | 0 | 751550 | 751550 |
| 30 | 0 | 572950 | 572950 |
| 31 | 100 | 395550 | 395650 |
| 32 | 300 | 227150 | 227450 |
| 33 | 900 | 135750 | 136650 |
| 34 | 3400 | 72250 | 75650 |
| 34.5 | 5450 | 51700 | 57150 |
| 35 | 7500 | 32800 | 40300 |
| 35.5 | 11350 | 21700 | 33050 |
| 36 | 19050 | 11000 | 30050 |
| 36.5 | 35050 | 7900 | 42950 |
| 37 | 51200 | 4800 | 56000 |
| 37.5 | 68700 | 3750 | 72450 |
| 38 | 86500 | 2850 | 89350 |
| 38.5 | 118200 | 2000 | 120200 |
| 39 | 150600 | 1150 | 151750 |
| 39.5 | 185300 | 500 | 185800 |
| 40 | 222300 | 100 | 222400 |
| 40.5 | 278200 | 0 | 278200 |
| 41 | 339150 | 0 | 339150 |
View max pain levels for BTU options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.