This page reflects ACM 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 — ACM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $80.00 (8.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$6.20
±8.7%
Days to Expiry
29
Calendar days
Total Call OI
1,778
Nearest expiry
Total Put OI
695
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$71.47
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, 11:01:38 PM
2026-05-15
$77.50
5/15/2026, 11:01:14 PM
2026-06-18NextUpdated
$80.00
5/20/2026, 11:01:42 PM
2026-07-17
$80.00
5/20/2026, 11:01:42 PM
2026-08-21
$82.50
5/20/2026, 11:01:42 PM
2026-09-18
$80.00
5/20/2026, 11:01:42 PM
2026-10-16
$85.00
5/20/2026, 11:01:42 PM
2026-12-18
$95.00
5/20/2026, 11:01:42 PM
Selected expiration: 2026-06-18 at max pain $80.00.
ACM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
1127250
1127250
65
10500
811750
822250
67.5
17500
689500
707000
70
24750
567250
592000
72.5
42250
458750
501000
75
72000
354500
426500
77.5
116250
265500
381750
80
172000
181000
353000
82.5
252250
132000
384250
85
339000
97000
436000
87.5
574500
65250
639750
90
813000
37500
850500
92.5
1061000
29750
1090750
95
1325000
22250
1347250
97.5
1605250
17000
1622250
100
1896500
14500
1911000
105
2510000
11000
2521000
110
3186000
7500
3193500
115
3935000
4500
3939500
120
4684000
3000
4687000
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.