This page reflects BWXT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — BWXT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $210.00 (7.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$22.50
±11.1%
Days to Expiry
29
Calendar days
Total Call OI
4,356
Nearest expiry
Total Put OI
2,442
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$202.66
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$210.00
4/17/2026, 11:06:48 PM
2026-05-15
$210.00
5/15/2026, 11:03:37 PM
2026-06-18NextUpdated
$210.00
5/20/2026, 11:04:08 PM
2026-07-17
$200.00
5/20/2026, 11:04:08 PM
2026-08-21
$210.00
5/20/2026, 11:04:08 PM
2026-11-20
$200.00
5/20/2026, 11:04:08 PM
2027-01-15
$180.00
5/20/2026, 11:04:08 PM
Selected expiration: 2026-06-18 at max pain $210.00.
BWXT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
8575500
8575500
155
0
7388000
7388000
160
0
6229000
6229000
165
10500
5194500
5205000
170
22000
4177000
4199000
175
46000
3190000
3236000
180
75000
2496000
2571000
185
108500
1853500
1962000
190
147500
1303500
1451000
195
193000
847000
1040000
200
242000
553000
795000
210
378000
198000
576000
220
617000
71000
688000
230
1241000
5000
1246000
240
3553000
2000
3555000
250
6172000
0
6172000
260
10390000
0
10390000
270
14678000
0
14678000
280
18994000
0
18994000
290
23317000
0
23317000
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.