This page reflects ADMA 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 — ADMA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (0.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$1.20
±14.0%
Days to Expiry
29
Calendar days
Total Call OI
31,330
Nearest expiry
Total Put OI
2,219
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$8.56
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
$10.00
4/17/2026, 11:01:47 PM
2026-05-15
$11.00
5/15/2026, 11:01:21 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:01:52 PM
2026-07-17
$9.00
5/20/2026, 11:01:52 PM
2026-08-21
$10.00
5/20/2026, 11:01:52 PM
2026-11-20
$10.00
5/20/2026, 11:01:52 PM
2027-01-15
$10.00
5/20/2026, 11:01:52 PM
Selected expiration: 2026-06-18 at max pain $9.00.
ADMA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2001100
2001100
3
0
1559300
1559300
4
0
1338400
1338400
5
800
1117500
1118300
6
102900
896600
999500
7
208000
675700
883700
8
316200
460600
776800
9
442100
277700
719800
10
680200
138300
818500
11
1752900
29000
1781900
12
2964000
15700
2979700
13
4392000
7600
4399600
14
5857400
3400
5860800
15
7529500
600
7530100
16
10262300
400
10262700
17
13009700
200
13009900
18
15912200
0
15912200
19
18940000
0
18940000
20
21972100
0
21972100
22
28176700
0
28176700
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.