Federal Agricultural Mortgage CClose $175.31EOD only
Max Pain
$170.00
Next expiry Jun 18, 2026
Expected Move
±$5.40
3.1% from close
Price Gap
-5.31
Distance to max pain
IV Rank
25
Middle-high premium
P/C OI
0.82
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects AGM 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 — AGM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $170.00 (5.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$5.40
±3.1%
Days to Expiry
29
Calendar days
Total Call OI
30
Nearest expiry
Total Put OI
148
Nearest expiry
P/C OI Ratio
4.93
Put-heavy
Spot Price
$175.31
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
$155.00
4/17/2026, 11:02:01 PM
2026-05-15
$175.00
5/15/2026, 11:01:36 PM
2026-06-18NextUpdated
$170.00
5/20/2026, 11:02:06 PM
2026-08-21
$155.00
5/20/2026, 11:02:06 PM
2026-11-20
$150.00
5/20/2026, 11:02:06 PM
2027-01-15
$125.00
5/20/2026, 11:02:06 PM
Selected expiration: 2026-06-18 at max pain $170.00.
AGM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
1061500
1061500
135
4500
395500
400000
140
5000
322000
327000
145
5500
249000
254500
150
6000
177500
183500
155
6500
108000
114500
160
9000
40000
49000
170
17000
8000
25000
175
21500
7000
28500
180
28500
6000
34500
185
35500
5500
41000
195
54500
4500
59000
200
68500
4000
72500
240
188500
0
188500
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.