This page reflects BXP 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 — BXP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $67.50 (1.31 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$67.50
Nearest expiry
Expected Move
±$2.25
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
3,508
Nearest expiry
Total Put OI
1,716
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$66.19
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
$62.50
6/18/2026, 11:07:54 PM
2026-07-17
$65.00
7/17/2026, 11:07:59 PM
2026-08-21NextUpdated
$67.50
8/18/2026, 11:03:39 PM
2026-09-18
$67.50
8/18/2026, 11:03:39 PM
2026-10-16
$60.00
8/18/2026, 11:03:39 PM
2027-01-15
$62.50
8/18/2026, 11:03:39 PM
Selected expiration: 2026-08-21 at max pain $67.50.
BXP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
3672500
3672500
45
0
3245250
3245250
47.5
500
2818000
2818500
50
1000
2393750
2394750
55
2000
1545750
1547750
57.5
2500
1128250
1130750
60
3000
797250
800250
62.5
4500
477000
481500
65
6000
164000
170000
67.5
17000
36750
53750
70
711250
0
711250
72.5
1553250
0
1553250
75
2409250
0
2409250
77.5
3274500
0
3274500
80
4148750
0
4148750
85
5902250
0
5902250
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.