This page reflects ACHR 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 — ACHR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $6.00 (0.22 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.38
±6.5%
Days to Expiry
2
Calendar days
Total Call OI
26,532
Nearest expiry
Total Put OI
11,159
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$5.78
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$6.00
5/8/2026, 11:01:42 PM
2026-05-15
$6.00
5/15/2026, 11:01:48 PM
2026-05-22NextUpdated
$6.00
5/20/2026, 11:01:15 PM
2026-05-29
$6.00
5/20/2026, 11:01:15 PM
2026-06-05
$6.00
5/20/2026, 11:01:15 PM
2026-06-12
$6.00
5/20/2026, 11:01:15 PM
2026-06-18
$7.00
5/20/2026, 11:01:15 PM
2026-06-26
$6.50
5/20/2026, 11:01:15 PM
2026-07-17
$6.00
5/20/2026, 11:01:15 PM
2026-10-16
$7.00
5/20/2026, 11:01:15 PM
2027-01-15
$5.00
5/20/2026, 11:01:15 PM
Selected expiration: 2026-05-22 at max pain $6.00.
ACHR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1.5
0
4756350
4756350
2
1050
4198650
4199700
2.5
4500
3641100
3645600
3
10200
3083550
3093750
3.5
21350
2526100
2547450
4
33200
1968850
2002050
4.5
56400
1423500
1479900
5
81400
910750
992150
5.5
109100
450300
559400
6
155900
118850
274750
6.5
469500
39150
508650
7
1088650
18350
1107000
7.5
2031300
14700
2046000
8
3205000
11200
3216200
8.5
4445500
7700
4453200
9
5717350
4450
5721800
9.5
7019550
2000
7021550
10
8336300
1450
8337750
10.5
9661650
950
9662600
11
10987200
450
10987650
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.