Blackstone Mortgage Trust, Inc.Close $17.25EOD only
Max Pain
$19.00
Next expiry Jul 17, 2026
Expected Move
±$0.68
3.9% from close
Price Gap
+1.75
Distance to max pain
IV Rank
54
Middle-high premium
P/C OI
2.31
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 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
Jul 2, 2026 close
Max Pain — BXMT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $19.00 (1.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$0.68
±3.9%
Days to Expiry
15
Calendar days
Total Call OI
2,876
Nearest expiry
Total Put OI
4,325
Nearest expiry
P/C OI Ratio
1.50
Put-heavy
Spot Price
$17.25
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
$19.00
5/15/2026, 11:03:51 PM
2026-06-18
$18.00
6/18/2026, 11:07:48 PM
2026-07-17NextUpdated
$19.00
7/3/2026, 11:03:35 PM
2026-08-21
$17.00
7/3/2026, 11:03:35 PM
2026-10-16
$19.00
7/3/2026, 11:03:35 PM
2027-01-15
$17.00
7/3/2026, 11:03:35 PM
Selected expiration: 2026-07-17 at max pain $19.00.
BXMT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
3267500
3267500
11
0
2836000
2836000
12
0
2407800
2407800
13
0
1980300
1980300
14
0
1552800
1552800
15
0
1127600
1127600
16
0
711100
711100
17
100
309100
309200
18
15700
162700
178400
19
96500
64600
161100
20
206800
200
207000
21
403300
100
403400
22
659200
0
659200
23
942800
0
942800
24
1230100
0
1230100
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.