This page reflects BXP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — BXP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $62.50 (2.60 above 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
±$4.30
±7.2%
Days to Expiry
29
Calendar days
Total Call OI
1,142
Nearest expiry
Total Put OI
1,035
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$59.90
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$60.00
4/17/2026, 11:06:49 PM
2026-05-15
$55.00
5/15/2026, 11:07:32 PM
2026-06-18NextUpdated
$62.50
5/20/2026, 11:06:41 PM
2026-07-17
$55.00
5/20/2026, 11:06:41 PM
2026-10-16
$52.50
5/20/2026, 11:06:41 PM
2027-01-15
$60.00
5/20/2026, 11:06:41 PM
Selected expiration: 2026-06-18 at max pain $62.50.
BXP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
2059500
2059500
40
0
1802750
1802750
45
0
1289250
1289250
47.5
0
1038000
1038000
50
0
801000
801000
52.5
0
617250
617250
55
1250
444250
445500
57.5
7250
278250
285500
60
38250
125500
163750
62.5
116000
250
116250
65
218750
0
218750
70
771750
0
771750
75
1336750
0
1336750
80
1907250
0
1907250
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.