Options & short interest

New to these numbers? Start with Options 101. Readings here are educational patterns — not trade recommendations.

BRK-B

Berkshire Hathaway Inc. Class BNYSE

optionable

$491.25

+0.07%

Close · data as of 2026-07-21

Leans bearish

Bearish bias on 1 panel vs our rules — a positioning pattern, not a sell call. · from Indicator Breakdown

Price & volume

~60 trading days · hover a day
Max PainNOW $491.25

Open interest map

Call (green) versus put (terracotta) open interest — the same inputs behind Max Pain, drawn so the mix is easier to see.

Call vs put OI by expiry

  • 2026-07-24D-3focus9.9K / 9.2KΣ 19.2K
  • 2026-07-31D-105.3K / 5.5KΣ 10.8K
  • 2026-08-07D-172.6K / 3.7KΣ 6.3K
  • 2026-08-14D-247.0K / 1.1KΣ 8.2K

Near-spot strikes · 2026-07-24 (spot $491.25)

475
477.5
480
482.5
485
487.5 *
490 *
492.5 *
495 *
497.5
500
502.5
505
507.5

Left = calls · right = puts · * ≈ at-the-money

What call and put options are

Call — a contract that gains value if the stock rises above the strike by expiry. Heavy call open interest means many contracts are still open on that upside side.

Put — a contract that gains value if the stock falls below the strike by expiry. Heavy put open interest means many contracts are still open on that downside side.

Open interest is outstanding contracts, not a buy/sell recommendation. Color bars here only show how that interest is split.

Max Pain

$490

Neutral
Spot $491.25Max Pain $490.00 · 0.3% below
S
M

S = spot · M = max pain · gap is educational distance, not a target

BRK-B's Max Pain for the 2026-07-24 expiry is $490.0, 0.3% below the current price. As expiration nears (D-3), dealer hedging flows may exert pressure toward this level. Confidence is higher near expiration.

What this doesn't tell you

Does not incorporate news or earnings surprises. Reliability falls with low open interest or distant expiries.

Put / Call

1.05

Bearish bias
Calls 49%P/C 1.05 · avg 1.05Puts 51%

White tick = 3-month average mix · positioning pattern only

Put/Call ratio 1.05 — higher than the recent average (1.05). This is typically read as a bearish positioning pattern; extreme readings are also sometimes interpreted contrarian. Educational context only for BRK-B.

What this doesn't tell you

Crowding can reverse; extreme readings are sometimes read contrarian.

IV Rank

Info

IV history for BRK-B is still being collected. Rank/percentile become more reliable after roughly 59 more trading day(s) of snapshots.

What this doesn't tell you

Not a directional forecast — a relative premium-level gauge.

What it is

  • Rule-based readings of public options and short-interest data
  • The same thresholds applied across the fixed 200-name universe
  • An educational starting point that shows its math and limits

What it isn't

  • Buy/sell recommendations or price predictions
  • Real-time short interest (FINRA publishes biweekly)
  • A substitute for your own research or a licensed adviser

Options carry significant risk, including the potential loss of the entire amount invested. Short selling can involve unlimited loss potential. For methods and thresholds see Methodology. — Asset Trend Reports Team

For education and information only — not investment advice. Disclaimer · Methodology.