This page reflects AAON options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — AAON
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $120.00 (13.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$17.55
±13.1%
Days to Expiry
29
Calendar days
Total Call OI
171
Nearest expiry
Total Put OI
126
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$133.76
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$80.00
4/17/2026, 11:01:04 PM
2026-05-15
$95.00
5/15/2026, 11:01:13 PM
2026-06-18NextUpdated
$120.00
5/20/2026, 11:01:03 PM
2026-07-17
$110.00
5/20/2026, 11:01:03 PM
2026-10-16
$60.00
5/20/2026, 11:01:03 PM
2026-12-18
$130.00
5/20/2026, 11:01:03 PM
2027-01-15
$100.00
5/20/2026, 11:01:03 PM
2027-03-19
$115.00
5/20/2026, 11:01:03 PM
Selected expiration: 2026-06-18 at max pain $120.00.
AAON pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
547000
547000
65
0
427000
427000
70
0
379500
379500
75
0
335000
335000
80
0
295000
295000
85
0
256500
256500
90
0
218500
218500
95
1500
186500
188000
100
4000
154500
158500
105
12000
126500
138500
110
30000
99000
129000
115
48000
72500
120500
120
66500
50000
116500
125
86000
36000
122000
130
105500
24000
129500
135
151000
13000
164000
140
207500
5000
212500
145
272500
0
272500
150
346500
0
346500
160
497500
0
497500
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.