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 Brown & Brown options about one week from expiration was $55.65. The chart above shows the exact max pain for each expiration date.

Brown & Brown closed above its near-term max pain on 17 of the last 20 trading days. On Nov 4, 2026 it closed at $73.90, 32.8% above max pain of $55.65.

Over the last 20 trading days, near-term max pain for Brown & Brown ranged from $55.65 to $65.19. It went from $65.19 on Oct 8, 2026 to $55.65 on Nov 4, 2026. See the BRO max pain history for a longer view.

Brown & Brown Inc is a diversified insurance agency, wholesale brokerage, insurance programs, and service.