This page reflects BXP 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 — BXP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $62.50 (6.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$3.33
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
4,010
Nearest expiry
Total Put OI
4,038
Nearest expiry
P/C OI Ratio
1.01
Put-heavy
Spot Price
$69.32
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
$55.00
5/15/2026, 11:07:32 PM
2026-06-18
$62.50
6/18/2026, 11:07:54 PM
2026-07-17NextUpdated
$62.50
7/3/2026, 11:06:18 PM
2026-08-21
$65.00
7/3/2026, 11:06:18 PM
2026-10-16
$57.50
7/3/2026, 11:06:18 PM
2027-01-15
$60.00
7/3/2026, 11:06:18 PM
Selected expiration: 2026-07-17 at max pain $62.50.
BXP pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
9175500
9175500
35
2500
7156500
7159000
37.5
3750
6159750
6163500
40
5000
5170750
5175750
42.5
6750
4196250
4203000
45
8500
3308250
3316750
47.5
10250
2443000
2453250
50
12500
1679750
1692250
52.5
14750
964500
979250
55
17000
673750
690750
57.5
19500
415000
434500
60
23500
198250
221750
62.5
28000
39000
67000
65
54000
22500
76500
67.5
824250
11500
835750
70
1630000
2500
1632500
72.5
2468250
250
2468500
75
3317250
0
3317250
77.5
4209500
0
4209500
80
5116750
0
5116750
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.