This page reflects AMCR 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 — AMCR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $10.00 (28.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$2.67
±7.0%
Days to Expiry
29
Calendar days
Total Call OI
15,639
Nearest expiry
Total Put OI
10,793
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$38.09
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
$8.00
4/17/2026, 11:01:59 PM
2026-05-15
$38.00
5/15/2026, 11:03:10 PM
2026-06-18NextUpdated
$10.00
5/20/2026, 11:03:33 PM
2026-07-17
$8.00
5/20/2026, 11:03:33 PM
2026-10-16
$40.00
5/20/2026, 11:03:33 PM
2027-01-15
$7.00
5/20/2026, 11:03:33 PM
Selected expiration: 2026-06-18 at max pain $10.00.
AMCR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
28847900
28847900
3
0
26689300
26689300
4
0
25610000
25610000
5
100
24530700
24530800
6
300
23453400
23453700
7
600
22405000
22405600
8
3400
21620700
21624100
9
141200
20868100
21009300
10
577000
20130100
20707100
11
1403800
19393300
20797100
12
2234900
18656500
20891400
13
3066300
17919700
20986000
15
4729700
16446100
21175800
25
13110700
9078100
22188800
30
17301700
5394100
22695800
33
19816300
3195700
23012000
34
20654500
2470200
23124700
35
21492700
1764700
23257400
36
22332200
1271800
23604000
37
23178200
979700
24157900
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.