Archer-Daniels-Midland CompanyClose $77.55EOD only
Max Pain
$72.50
Next expiry Jun 18, 2026
Expected Move
±$5.47
7.1% from close
Price Gap
-5.05
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.46
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects ADM 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 — ADM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $72.50 (5.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$72.50
Nearest expiry
Expected Move
±$5.47
±7.1%
Days to Expiry
29
Calendar days
Total Call OI
19,487
Nearest expiry
Total Put OI
7,535
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$77.55
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
$67.50
4/17/2026, 11:01:44 PM
2026-05-15
$70.00
5/15/2026, 11:01:36 PM
2026-06-18NextUpdated
$72.50
5/20/2026, 11:01:28 PM
2026-07-17
$77.50
5/20/2026, 11:01:28 PM
2026-08-21
$70.00
5/20/2026, 11:01:28 PM
2026-09-18
$67.50
5/20/2026, 11:01:28 PM
2026-12-18
$57.50
5/20/2026, 11:01:28 PM
2027-01-15
$60.00
5/20/2026, 11:01:28 PM
2027-03-19
$67.50
5/20/2026, 11:01:28 PM
Selected expiration: 2026-06-18 at max pain $72.50.
ADM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
28103250
28103250
25
0
26222000
26222000
27.5
0
24340750
24340750
30
0
22459500
22459500
32.5
1000
20604000
20605000
35
2000
18824750
18826750
37.5
3000
17084250
17087250
40
4000
15348750
15352750
42.5
5000
13733250
13738250
45
6000
12117750
12123750
47.5
9500
10541500
10551000
50
13000
9139000
9152000
52.5
17000
7794750
7811750
55
21250
6499250
6520500
57.5
25750
5290250
5316000
60
30250
4160750
4191000
62.5
42250
3185000
3227250
65
63000
2276000
2339000
67.5
85250
1534250
1619500
70
187750
1003250
1191000
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.