Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Becton Dickinson and options about one week from expiration was $185.53. The chart above shows the exact max pain for each expiration date.

Becton Dickinson and closed above its near-term max pain on 18 of the last 20 trading days. On Nov 4, 2026 it closed at $209.13, 12.7% above max pain of $185.53.

Over the last 20 trading days, near-term max pain for Becton Dickinson and ranged from $184.29 to $186.46. It went from $185.05 on Oct 8, 2026 to $185.53 on Nov 4, 2026. See the BDX max pain history for a longer view.

Following the separation of the life science segment, Becton Dickinson operates in four business units.