Blackstone Secured Lending FundClose $24.35EOD only
Max Pain
$24.00
Next expiry Aug 21, 2026
Expected Move
±$0.53
2.2% from close
Price Gap
-0.35
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
1.00
Balanced positioning
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects BXSL 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 — BXSL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (0.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$0.53
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
13,893
Nearest expiry
Total Put OI
11,193
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$24.35
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
$24.00
6/18/2026, 11:09:08 PM
2026-07-17
$24.00
7/17/2026, 11:03:41 PM
2026-08-21NextUpdated
$24.00
8/18/2026, 11:07:36 PM
2026-09-18
$24.00
8/18/2026, 11:07:36 PM
2026-11-20
$24.00
8/18/2026, 11:07:36 PM
2027-01-15
$25.00
8/18/2026, 11:07:36 PM
2027-02-19
$32.00
8/18/2026, 11:07:36 PM
Selected expiration: 2026-08-21 at max pain $24.00.
BXSL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
10621150
10621150
14
0
9501850
9501850
15
0
8382550
8382550
16
0
7291050
7291050
17.5
0
5653800
5653800
20
17500
2926800
2944300
21
25000
1961600
1986600
22.5
36250
553700
589950
24
47800
199100
246900
25
206300
57000
263300
26
829000
39400
868400
27.5
1847500
13750
1861250
29
3868600
5500
3874100
30
5216000
0
5216000
32.5
8687250
0
8687250
40
19106250
0
19106250
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.