BAC Max Pain
As of the close, Mon 19 Oct 2026
- Max pain?
- $53 The settlement price at which the most option value expires worthless — the strike minimising what call and put holders together collect. It describes where open interest sits, not where the price is going.
- Spot?
- $50.39 The underlying's closing price for the session these figures are computed from. Every strike below is measured against it.
- Distance?
- +5.2% How far the close sits from the max pain strike, as a percentage of the close. Large gaps close more often than not near expiry, which is a tendency and not a rule.
- Pain at close?
- +$1.6M What would expire in the money if the underlying settled exactly where it closed — the point on the curve directly above today's price.
- Open interest?
- 40,041 Total contracts outstanding across every strike and expiry this reads. The pain curve is computed from these, so it says how much the answer rests on.
- Expiry?
- 30-OCT-2026 The contract expiry these numbers are for, and the calendar days from the closing session to it. Every figure in this row is at THAT expiry, not today.
The whole curve — BAC
What expires worthless at each of the 38 listed strikes, and how steeply it climbs either side of the minimum.
Or read it free on SPY.
One expiry, 30-OCT-2026: the settlement price at which the most open interest expires worthless. It describes where that interest sits, not where the price is going.
How this is computed
Pain at a settlement price is what call and put holders together would collect there — for every strike, open interest × how far it finishes in the money × a hundred shares a contract. Max pain is the settlement minimising that. Candidates are the listed strikes rather than a swept range, because the curve is piecewise linear and its minimum lies at a kink, and every kink is a strike. It is computed from the close's open interest and describes where that interest sits — not a forecast, and not advice. 76 of 76 contracts reported open interest and are counted. Max pain is a per-expiry quantity, so this is the 30-OCT-2026 expiry alone — blending several would treat a later contract as if it settled on this date. It is the first listed expiry at least a week out, 11 days from the close; 1 nearer expiry is passed over, because a two-session contract carries a fraction of the open interest and reads as noise under this label.