This page reflects AGNC 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 — AGNC
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $10.50 (0.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.50
Nearest expiry
Expected Move
±$0.26
±2.5%
Days to Expiry
2
Calendar days
Total Call OI
19,477
Nearest expiry
Total Put OI
20,316
Nearest expiry
P/C OI Ratio
1.04
Put-heavy
Spot Price
$10.25
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
$10.50
5/8/2026, 11:02:11 PM
2026-05-15
$10.50
5/15/2026, 11:02:05 PM
2026-05-22NextUpdated
$10.50
5/20/2026, 11:01:37 PM
2026-05-29
$11.00
5/20/2026, 11:01:37 PM
2026-06-05
$10.50
5/20/2026, 11:01:37 PM
2026-06-12
$10.50
5/20/2026, 11:01:37 PM
2026-06-18
$11.00
5/20/2026, 11:01:37 PM
2026-06-26
$11.00
5/20/2026, 11:01:37 PM
2026-07-17
$11.00
5/20/2026, 11:01:37 PM
2026-09-18
$10.00
5/20/2026, 11:01:37 PM
2026-12-18
$10.00
5/20/2026, 11:01:37 PM
2027-01-15
$10.00
5/20/2026, 11:01:37 PM
Selected expiration: 2026-05-22 at max pain $10.50.
AGNC pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
10686300
10686300
5.5
2550
9670650
9673200
6
7750
8655250
8663000
6.5
13500
7639850
7653350
7
21700
6624450
6646150
7.5
32150
5609050
5641200
8
44000
4593650
4637650
8.5
57200
3579250
3636450
9
70550
2564850
2635400
9.5
84300
1551000
1635300
10
99250
539450
638700
10.5
120250
184350
304600
11
369700
73000
442700
11.5
1219100
63000
1282100
12
2189900
53400
2243300
12.5
3163200
43800
3207000
13
4136500
34850
4171350
13.5
5110000
25900
5135900
14
6083500
16950
6100450
14.5
7057000
8400
7065400
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.