This page reflects BURL 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 — BURL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $335.00 (21.82 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$335.00
Nearest expiry
Expected Move
±$7.30
±2.3%
Days to Expiry
8
Calendar days
Total Call OI
179
Nearest expiry
Total Put OI
161
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$313.18
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
$337.50
6/26/2026, 11:07:16 PM
2026-07-02
$325.00
7/2/2026, 11:07:02 PM
2026-07-10NextUpdated
$335.00
7/3/2026, 11:06:59 PM
2026-07-17
$330.00
7/3/2026, 11:06:59 PM
2026-07-24
$310.00
7/3/2026, 11:06:59 PM
2026-07-31
$300.00
7/3/2026, 11:06:59 PM
2026-08-07
$285.00
7/3/2026, 11:06:59 PM
2026-08-21
$350.00
7/3/2026, 11:06:59 PM
2026-09-18
$330.00
7/3/2026, 11:06:59 PM
2026-12-18
$280.00
7/3/2026, 11:06:59 PM
2027-01-15
$310.00
7/3/2026, 11:06:59 PM
2027-03-19
$350.00
7/3/2026, 11:06:59 PM
Selected expiration: 2026-07-10 at max pain $335.00.
BURL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
255
0
831750
831750
270
0
597750
597750
275
0
521250
521250
280
0
447250
447250
285
500
374250
374750
300
2000
155250
157250
305
4000
114750
118750
310
6000
82750
88750
315
11000
61250
72250
320
16000
44250
60250
322.5
18500
37750
56250
325
21000
31500
52500
330
26500
21500
48000
335
32500
12500
45000
337.5
37000
10000
47000
340
42750
7500
50250
345
59250
2500
61750
347.5
68250
0
68250
350
77250
0
77250
365
135750
0
135750
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.