This page reflects BWAY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 6, 2026 close
Max Pain — BWAY
Data as of market close Jul 6, 2026
Nearest listed expiration 2026-07-17 shows max pain at $8.75 (7.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.75
Nearest expiry
Expected Move
±$5.17
±32.3%
Days to Expiry
11
Calendar days
Total Call OI
232
Nearest expiry
Total Put OI
4
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$16.02
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$15.00
5/15/2026, 11:06:27 PM
2026-06-18
$17.50
6/18/2026, 11:06:48 PM
2026-07-17NextUpdated
$8.75
7/6/2026, 11:07:17 PM
2026-10-16
$11.25
7/6/2026, 11:07:17 PM
Selected expiration: 2026-07-17 at max pain $8.75.
BWAY pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
1.25
0
3625
3625
2.5
0
3125
3125
3.75
125
2625
2750
7.5
500
1500
2000
8.75
625
1125
1750
10
3250
750
4000
11.25
20500
375
20875
12.5
40250
0
40250
15
85500
0
85500
17.5
135500
0
135500
20
186000
0
186000
22.5
236750
0
236750
25
290000
0
290000
30
402000
0
402000
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.