Babcock & Wilcox Enterprises, IClose $5.70EOD only
Max Pain
$6.00
Next expiry Oct 16, 2026
Expected Move
±$0.78
13.6% from close
Price Gap
+0.30
Distance to max pain
IV Rank
17
Low premium
P/C OI
0.28
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects BW 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 — BW
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $6.00 (0.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.78
±13.6%
Days to Expiry
14
Calendar days
Total Call OI
4,885
Nearest expiry
Total Put OI
806
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$5.70
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-09-25
$7.50
9/25/2026, 11:07:45 PM
2026-10-02Updated
$7.00
10/2/2026, 11:07:28 PM
2026-10-16Next
$6.00
10/2/2026, 11:07:28 PM
2026-11-20
$7.50
10/2/2026, 11:07:28 PM
2027-01-15
$5.00
10/2/2026, 11:07:28 PM
2027-02-19
$7.00
10/2/2026, 11:07:28 PM
2027-05-21
$7.00
10/2/2026, 11:07:28 PM
Selected expiration: 2026-10-16 at max pain $6.00.
BW pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
299000
299000
5
400
138200
138600
6
2000
62200
64200
7
78200
13200
91400
8
273400
2700
276100
9
589300
1200
590500
10
1012000
0
1012000
11
1498900
0
1498900
13
2473900
0
2473900
17
4427100
0
4427100
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.