What is the max pain price for BLTE?

As of the latest delayed data, BLTE's max pain for the Fri, Mar 19 expiration is 160, versus a spot price of 145.69 (+9.8% away). It recomputes as open interest shifts.

What are the BLTE call and put walls?

For Fri, Mar 19, the largest call open interest sits at the 180 strike and the largest put open interest at 100.

Is max pain a price prediction?

No. It is a positioning snapshot — the settle price that would minimize option writers’ payout. The theory that prices drift toward it is contested, and nothing on this page is investment advice.

Max pain // Cboe delayed data · as of Oct 28, 1:41 PM ET

BLTE max pain

Spot (delayed)$145.69

Max pain · Fri, Mar 19$160+9.8% vs spot

Put/Call OI19.00342 puts / 18 calls

Call wall$180largest call OI

Put wall$100largest put OI

Fri, Nov 20thin Fri, Dec 18thin Fri, Mar 19160 Thu, Jun 17thin

Event risk before this expiration: Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 · FOMC decision Wed, Dec 9 · CPI release Thu, Dec 10 — macro releases historically overwhelm pinning effects; max pain reads weakest in event weeks.

Max pain levels

Expiry	Max pain	vs spot	DTE
Fri, Nov 20	too thin		18d
Fri, Dec 18	too thin		46d
Fri, Mar 19	$160	+9.8%	137d
Thu, Jun 17	too thin		227d

The writer-loss curve — where max pain comes from

■ put-side pain■ call-side painTotal payout option writers would owe at each settle price (both sides, all open interest, ×100 shares) — low settles hurt put writers, high settles hurt call writers. The minimum — 160 — is the max pain price.

Open interest by strike · Fri, Mar 19

■ calls (up)■ puts (down)BLTE open contracts per strike for Fri, Mar 19.

Open-interest change: building vs unwinding

Needs two observed snapshot days for this expiration; the comparison appears automatically once the next weekday snapshot lands. We diff real observations only; nothing is estimated.

Volume by strike · Fri, Mar 19

Greeks by strike · Fri, Mar 19

Call Δ	Call Θ	Strike	Γ	Vega	Put Θ	Put Δ
—	—	100	—	—	—	—
—	—	105	—	—	—	—
—	—	110	—	—	—	—
—	—	120	—	—	—	—
—	—	130	—	—	—	—
—	—	135	—	—	—	—
—	—	145	—	—	—	—
—	—	155	—	—	—	—
—	—	160	—	—	—	—
—	—	165	—	—	—	—
—	—	170	—	—	—	—
—	—	175	—	—	—	—
—	—	180	—	—	—	—
—	—	200	—	—	—	—

Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Δ per $1 of underlying · Θ per day · vega per IV point.

Stacked — layer the expirations

Nov 20Dec 18Mar 19Jun 17

Call open interest per strike, stacked across the checked expirations — each color is one expiry. Strikes are pruned to the liquid center of each chain.

All expirations combined — total open interest

■ calls (up)■ puts (down)Every expiration combined: 348 call contracts, 347 put contracts open.

Reading this honestly

Max pain is arithmetic, not prophecy: the settle price that would minimize what option writers pay out at expiration, computed from open interest alone. Prices sometimes gravitate toward heavy strikes into expiry — dealer hedging is a real flow — but the evidence that max pain predicts settlement better than chance is mixed, and we are not going to pretend otherwise. Use it as a map of where positioning is stacked, next to the fundamentals and the earnings calendar, not as a target.

Max pain, walls and gamma print only when an expiration holds at least 100 open contracts across 5 strikes, and max pain also needs to stay within 5% of spot when its single heaviest strike is removed. Below that the expiration reads as thin rather than printing a level one trade could move.

Data: Cboe delayed public feed (~15 minutes), refreshed here about every 15 minutes. Open interest itself updates once daily, before the open. Educational information, not investment advice.

Keep going: BLTE workspace · max pain, explained in full · options profit calculator · iron condor and credit spread calculator · GEX, defined · pin risk

Call Δ	Call Θ	Strike	Γ	Vega	Put Θ	Put Δ
—	—	100	—	—	—	—
—	—	105	—	—	—	—
—	—	110	—	—	—	—
—	—	120	—	—	—	—
—	—	130	—	—	—	—
—	—	135	—	—	—	—
—	—	145	—	—	—	—
—	—	155	—	—	—	—
—	—	160	—	—	—	—
—	—	165	—	—	—	—
—	—	170	—	—	—	—
—	—	175	—	—	—	—
—	—	180	—	—	—	—
—	—	200	—	—	—	—

Call Δ	Call Θ	Strike	Γ	Vega	Put Θ	Put Δ
—	—	100	—	—	—	—
—	—	105	—	—	—	—
—	—	110	—	—	—	—
—	—	120	—	—	—	—
—	—	130	—	—	—	—
—	—	135	—	—	—	—
—	—	145	—	—	—	—
—	—	155	—	—	—	—
—	—	160	—	—	—	—
—	—	165	—	—	—	—
—	—	170	—	—	—	—
—	—	175	—	—	—	—
—	—	180	—	—	—	—
—	—	200	—	—	—	—

Call Δ	Call Θ	Strike	Γ	Vega	Put Θ	Put Δ
—	—	100	—	—	—	—
—	—	105	—	—	—	—
—	—	110	—	—	—	—
—	—	120	—	—	—	—
—	—	130	—	—	—	—
—	—	135	—	—	—	—
—	—	145	—	—	—	—
—	—	155	—	—	—	—
—	—	160	—	—	—	—
—	—	165	—	—	—	—
—	—	170	—	—	—	—
—	—	175	—	—	—	—
—	—	180	—	—	—	—
—	—	200	—	—	—	—