This page reflects ACGL 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 — ACGL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (1.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$5.65
±5.8%
Days to Expiry
29
Calendar days
Total Call OI
1,086
Nearest expiry
Total Put OI
840
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$96.84
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
$95.00
4/17/2026, 11:01:32 PM
2026-05-15
$90.00
5/15/2026, 11:01:41 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:01:10 PM
2026-09-18
$95.00
5/20/2026, 11:01:10 PM
2026-11-20
$90.00
5/20/2026, 11:01:10 PM
2026-12-18
$95.00
5/20/2026, 11:01:10 PM
Selected expiration: 2026-06-18 at max pain $95.00.
ACGL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
3308000
3308000
55
1000
2888000
2889000
60
2000
2468500
2470500
65
54500
2049500
2104000
70
108000
1632000
1740000
75
182500
1216500
1399000
80
264000
801000
1065000
85
345500
436500
782000
90
441500
191000
632500
95
556000
21000
577000
100
757000
0
757000
105
1107500
0
1107500
110
1524000
0
1524000
115
2040000
0
2040000
120
2583000
0
2583000
125
3126000
0
3126000
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.