This page reflects ALLE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — ALLE
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $135.00 (4.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$3.75
±2.9%
Days to Expiry
28
Calendar days
Total Call OI
488
Nearest expiry
Total Put OI
85
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$130.70
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
$145.00
4/17/2026, 11:01:56 PM
2026-05-15
$135.00
5/15/2026, 11:02:11 PM
2026-06-18NextUpdated
$135.00
5/21/2026, 11:01:57 PM
2026-07-17
$115.00
5/21/2026, 11:01:57 PM
2026-09-18
$160.00
5/21/2026, 11:01:57 PM
2026-12-18
$110.00
5/21/2026, 11:01:57 PM
Selected expiration: 2026-06-18 at max pain $135.00.
ALLE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
205500
205500
110
0
164500
164500
115
0
124500
124500
120
1000
85000
86000
125
3000
52500
55500
130
8000
27000
35000
135
13000
18000
31000
140
23000
11000
34000
145
39000
6500
45500
150
57000
3500
60500
155
82000
2500
84500
160
111500
1500
113000
165
143000
500
143500
170
178500
0
178500
175
220000
0
220000
180
262000
0
262000
185
307000
0
307000
190
354500
0
354500
195
596500
0
596500
210
1328500
0
1328500
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.