This page reflects BWXT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — BWXT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $185.00 (19.99 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$4.95
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
6,761
Nearest expiry
Total Put OI
4,484
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$165.01
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$200.00
6/18/2026, 11:09:48 PM
2026-07-17
$180.00
7/17/2026, 11:08:43 PM
2026-08-21NextUpdated
$185.00
8/18/2026, 11:07:31 PM
2026-09-18
$175.00
8/18/2026, 11:07:31 PM
2026-11-20
$180.00
8/18/2026, 11:07:31 PM
2027-01-15
$180.00
8/18/2026, 11:07:31 PM
2027-02-19
$155.00
8/18/2026, 11:07:31 PM
Selected expiration: 2026-08-21 at max pain $185.00.
BWXT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
35856000
35856000
95
0
33628000
33628000
100
0
31403000
31403000
105
0
29182000
29182000
110
0
26961000
26961000
115
0
24741500
24741500
120
0
22555500
22555500
125
0
20373000
20373000
130
0
18264500
18264500
135
0
16176000
16176000
140
500
14112000
14112500
145
2000
12073500
12075500
150
3500
10141000
10144500
155
10500
8350000
8360500
160
18500
6685000
6703500
165
51500
5216000
5267500
170
93500
4000000
4093500
175
320500
3214000
3534500
180
645000
2486000
3131000
185
1080500
1865500
2946000
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.