This page reflects BWXT 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 — BWXT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $195.00 (3.94 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$195.00
Nearest expiry
Expected Move
±$13.85
±7.3%
Days to Expiry
15
Calendar days
Total Call OI
3,316
Nearest expiry
Total Put OI
1,678
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$191.06
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
$210.00
5/15/2026, 11:03:37 PM
2026-06-18
$200.00
6/18/2026, 11:09:48 PM
2026-07-17NextUpdated
$195.00
7/3/2026, 11:07:46 PM
2026-08-21
$200.00
7/3/2026, 11:07:46 PM
2026-11-20
$200.00
7/3/2026, 11:07:46 PM
2027-01-15
$185.00
7/3/2026, 11:07:46 PM
2027-02-19
$210.00
7/3/2026, 11:07:46 PM
Selected expiration: 2026-07-17 at max pain $195.00.
BWXT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
8081500
8081500
140
0
6410500
6410500
145
500
5577000
5577500
150
1000
4756500
4757500
155
1500
3945500
3947000
160
2000
3150000
3152000
165
12500
2378500
2391000
170
23000
1628500
1651500
175
44500
905500
950000
180
66000
610500
676500
185
95500
383500
479000
190
138000
218500
356500
195
216500
125000
341500
200
478500
53000
531500
210
1135500
10000
1145500
220
2473500
4000
2477500
230
4352500
0
4352500
240
6935500
0
6935500
250
9794500
0
9794500
260
12991500
0
12991500
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.