This page reflects BZH 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 — BZH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (3.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$0.42
±1.3%
Days to Expiry
3
Calendar days
Total Call OI
11,063
Nearest expiry
Total Put OI
4,891
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$33.11
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, 11:08:05 PM
2026-07-17
$30.00
7/17/2026, 11:08:25 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:03:32 PM
2026-09-18
$33.00
8/18/2026, 11:03:32 PM
2026-11-20
$21.00
8/18/2026, 11:03:32 PM
2026-12-18
$27.00
8/18/2026, 11:03:32 PM
2027-02-19
$28.00
8/18/2026, 11:03:32 PM
Selected expiration: 2026-08-21 at max pain $30.00.
BZH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
9932100
9932100
10
0
8953900
8953900
12
200
7975700
7975900
13
300
7486700
7487000
14
400
6998300
6998700
15
500
6511500
6512000
16
700
6032900
6033600
17
4200
5554300
5558500
18
8500
5082200
5090700
19
20700
4614400
4635100
20
33200
4151900
4185100
21
49900
3699800
3749700
22
73000
3253300
3326300
23
99900
2875600
2975500
24
198000
2506400
2704400
25
303400
2138200
2441600
26
423200
1772300
2195500
27
553200
1407200
1960400
28
721200
1043100
1764300
29
896200
709200
1605400
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.