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 Broadstone Net Lease options about one week from expiration was $17.25. The chart above shows the exact max pain for each expiration date.

Broadstone Net Lease closed above its near-term max pain on 12 of the last 20 trading days. On Nov 4, 2026 it closed at $18.02, 4.4% above max pain of $17.25.

Over the last 20 trading days, near-term max pain for Broadstone Net Lease ranged from $13.79 to $20.00. It went from $19.99 on Oct 8, 2026 to $17.25 on Nov 4, 2026. See the BNL max pain history for a longer view.

Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants.