This page reflects AIZ 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 — AIZ
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $240.00 (16.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$4.10
±1.6%
Days to Expiry
29
Calendar days
Total Call OI
880
Nearest expiry
Total Put OI
371
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$256.25
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
$220.00
4/17/2026, 11:02:49 PM
2026-05-15
$230.00
5/15/2026, 11:02:32 PM
2026-06-18NextUpdated
$240.00
5/20/2026, 11:02:09 PM
2026-09-18
$220.00
5/20/2026, 11:02:09 PM
2026-12-18
$230.00
5/20/2026, 11:02:09 PM
Selected expiration: 2026-06-18 at max pain $240.00.
AIZ pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
3461500
3461500
135
0
3276500
3276500
140
0
3092000
3092000
145
0
2908000
2908000
150
0
2724500
2724500
160
0
2358500
2358500
165
0
2177500
2177500
170
0
1997000
1997000
180
0
1636000
1636000
185
0
1456000
1456000
190
0
1276000
1276000
195
0
1096000
1096000
200
0
916000
916000
210
0
559000
559000
220
16000
353000
369000
230
34000
150000
184000
240
56000
0
56000
250
300000
0
300000
260
551000
0
551000
270
1431000
0
1431000
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.