This page reflects AFRM 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 — AFRM
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $61.00 (6.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$61.00
Nearest expiry
Expected Move
±$2.99
±4.5%
Days to Expiry
2
Calendar days
Total Call OI
9,168
Nearest expiry
Total Put OI
5,783
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$67.12
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
$63.00
5/8/2026, 11:01:38 PM
2026-05-15
$60.00
5/15/2026, 11:01:54 PM
2026-05-22NextUpdated
$61.00
5/20/2026, 11:01:31 PM
2026-05-29
$60.00
5/20/2026, 11:01:31 PM
2026-06-05
$63.00
5/20/2026, 11:01:31 PM
2026-06-12
$62.00
5/20/2026, 11:01:31 PM
2026-06-18
$62.50
5/20/2026, 11:01:31 PM
2026-06-26
$60.00
5/20/2026, 11:01:31 PM
2026-07-17
$65.00
5/20/2026, 11:01:31 PM
2026-08-21
$65.00
5/20/2026, 11:01:31 PM
2026-09-18
$65.00
5/20/2026, 11:01:31 PM
2026-11-20
$57.50
5/20/2026, 11:01:31 PM
2026-12-18
$60.00
5/20/2026, 11:01:31 PM
2027-01-15
$55.00
5/20/2026, 11:01:31 PM
2027-03-19
$65.00
5/20/2026, 11:01:31 PM
Selected expiration: 2026-05-22 at max pain $61.00.
AFRM pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
15997550
15997550
35
0
13108050
13108050
36
300
12532750
12533050
37
700
11961150
11961850
38
1100
11390850
11391950
39
1500
10822650
10824150
40
1900
10254850
10256750
41
2600
9689750
9692350
42
4900
9128450
9133350
42.5
6850
8851200
8858050
43
8800
8575950
8584750
43.5
12650
8302300
8314950
44
16500
8028700
8045200
44.5
20350
7755250
7775600
45
24200
7481850
7506050
45.5
28100
7224750
7252850
46
32000
6967800
6999800
47
39900
6454800
6494700
47.5
44300
6198800
6243100
48
48700
5942950
5991650
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.