Free BRK.B Max Pain - Berkshire Hathaway Max Pain
Use free BRK.B Max Pain to find the candidate strike with the lowest combined call and put intrinsic value for Berkshire Hathaway at one selected expiration. Compare the full pain curve alongside business context that includes interest rates, credit conditions, transaction activity, and capital markets.
How to use the BRK.B Max Pain tool
Confirm BRK.B
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Choose an expiration
Select the expiration you want the calculation to use.
Calculate Max Pain
Generate the result, then compare Max Pain with price and the full pain chart.
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What is Max Pain?
Max Pain is the strike price at which option sellers (market makers) would lose the least amount of money if the stock expired at that price. The theory suggests stocks tend to gravitate toward this price near expiration.
Chart Legend:
- Green bars: Call option pain per strike
- Red bars: Put option pain per strike
- Blue line: Max Pain strike
- Red line: Current underlying price
Key levels
BRK.B max pain in detail
Computed
Spot
$507.37
Max pain strike
$502.50
1.0% below spot
Expiration
2026-10-09
Lowest total pain by strike
| Strike | Call pain | Put pain | Total |
|---|---|---|---|
| $502.50 | $867K | $415K | $1.3M |
| $505 | $1.2M | $207K | $1.4M |
| $500 | $732K | $755K | $1.5M |
| $497.50 | $671K | $1.8M | $2.5M |
| $507.50 | $2.4M | $103K | $2.5M |
Reviewed by the QuantWheel research team. Computed from listed BRK.B open interest for the expiration shown; a reference level, not a forecast. Read how we compute BRK.B max pain.
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Understanding BRK.B Max Pain
The BRK.B options chain represents Berkshire Hathaway. Evaluate its open-interest distribution alongside business context that includes interest rates, credit conditions, transaction activity, and capital markets. Compare Max Pain across available expirations because the distribution can differ from one expiration to another.
For BRK.B, the calculator tests each candidate strike against call and put open interest for the selected expiration. Review the full curve with the result. The calculation describes the selected chain and does not predict where Berkshire Hathaway will trade.
How the BRK.B Max Pain calculation works
QuantWheel tests each strike as a possible expiration price. It adds the intrinsic value of open calls and puts at that price, weighted by open interest and the contract multiplier. The strike with the lowest combined value is displayed as BRK.B Max Pain.
This calculation uses the selected options chain. It does not measure dealer inventory, intent, future order flow or the probability that BRK.B will finish at the calculated strike.
Related BRK.B options tools
Compare expiration pain with BRK.B gamma by strike and expiration.
BRK.B Max Pain FAQ
What is BRK.B Max Pain?
BRK.B Max Pain is the candidate expiration price where the combined intrinsic value of outstanding BRK.B calls and puts is lowest for the selected expiration. It is a calculation based on open interest, not a prediction of where BRK.B will trade.
How is BRK.B Max Pain calculated?
For each candidate price, QuantWheel calculates call and put intrinsic value across the selected BRK.B options chain, multiplies each value by open interest and the 100-share contract multiplier, then adds the totals. The candidate price with the lowest combined total is the Max Pain strike.
Which BRK.B expiration should I select?
Select the exact BRK.B expiration you want to examine. Weekly and monthly expirations can have different open-interest distributions, so compare them separately instead of applying one result to every date.
How should I use BRK.B Max Pain?
Compare the calculated strike with BRK.B price and the full call and put pain chart for the same expiration. Use it as expiration context alongside liquidity, gamma exposure and your own risk plan rather than as a standalone trading signal.
Is BRK.B Max Pain a price target?
No. BRK.B Max Pain does not forecast price and does not prove that traders or market makers will move BRK.B toward a particular strike. News, volatility, liquidity and positioning can outweigh any expiration-related pinning effect.
Is the BRK.B Max Pain calculator free?
Yes. QuantWheel provides a limited number of free BRK.B Max Pain calculations. The calculator shows how many free calculations remain before you run another expiration.