This page reflects AGI 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 — AGI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $40.00 (0.48 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$4.80
±12.2%
Days to Expiry
29
Calendar days
Total Call OI
24,066
Nearest expiry
Total Put OI
8,538
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$39.52
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
$45.00
4/17/2026, 11:02:06 PM
2026-05-15
$42.00
5/15/2026, 11:02:00 PM
2026-06-18NextUpdated
$40.00
5/20/2026, 11:02:50 PM
2026-07-17
$40.00
5/20/2026, 11:02:50 PM
2026-09-18
$39.00
5/20/2026, 11:02:50 PM
2026-12-18
$44.00
5/20/2026, 11:02:50 PM
2027-01-15
$32.00
5/20/2026, 11:02:50 PM
Selected expiration: 2026-06-18 at max pain $40.00.
AGI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
23091000
23091000
15
1200
21383400
21384600
18
6300
18822000
18828300
20
10700
17114600
17125300
22
22700
15415600
15438300
23
29200
14566100
14595300
25
45600
12886300
12931900
26
63900
12046400
12110300
27
82200
11208200
11290400
28
106400
10381200
10487600
29
130800
9554700
9685500
30
155200
8730900
8886100
31
244700
7942400
8187100
32
334200
7157400
7491600
33
450500
6385200
6835700
34
570400
5632400
6202800
35
704900
4893600
5598500
36
918000
4238300
5156300
37
1139100
3591300
4730400
38
1395500
2997000
4392500
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.