Blackstone Mortgage Trust, Inc.Close $10.90EOD only
Max Pain
$14.00
Next expiry Oct 16, 2026
Expected Move
±$0.57
5.3% from close
Price Gap
+3.10
Distance to max pain
IV Rank
85
High premium
P/C OI
2.38
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects BXMT 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 — BXMT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $14.00 (3.10 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$0.57
±5.3%
Days to Expiry
14
Calendar days
Total Call OI
2,003
Nearest expiry
Total Put OI
996
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$10.90
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
2026-08-21
$15.00
8/21/2026, 11:03:43 PM
2026-09-18
$14.00
9/18/2026, 11:07:18 PM
2026-10-16NextUpdated
$14.00
10/2/2026, 11:07:07 PM
2026-11-20
$13.00
10/2/2026, 11:07:07 PM
2027-01-15
$17.00
10/2/2026, 11:07:07 PM
2027-04-16
$15.00
10/2/2026, 11:07:07 PM
Selected expiration: 2026-10-16 at max pain $14.00.
BXMT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
7
0
669300
669300
8
0
569700
569700
9
0
470100
470100
10
0
370500
370500
11
0
276900
276900
12
700
191300
192000
13
8500
127200
135700
14
37200
68500
105700
15
84000
32700
116700
16
155000
16500
171500
17
250100
2200
252300
18
375100
0
375100
19
509800
0
509800
20
656000
0
656000
21
819000
0
819000
22
1008600
0
1008600
23
1202100
0
1202100
25
1602300
0
1602300
27
2002700
0
2002700
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.