BYND → $1.00 by Apr 18, 2026.

Max Pain is a well-known options concept that identifies the single strike price where the largest dollar value of open options contracts (calls + puts combined) would expire completely worthless. In other words, it’s the price at which the most option buyers lose 100 % of their premium, and the option sellers (often market makers) keep the most money. The theory (widely followed by traders) says that on expiration day, market makers who are short those options will often hedge …