This page reflects AMRZ 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 — AMRZ
Data as of market close May 20, 2026
Nearest listed expiration 2027-01-15 shows max pain at $50.00 (0.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$11.85
±23.7%
Days to Expiry
240
Calendar days
Total Call OI
2,862
Nearest expiry
Total Put OI
5,564
Nearest expiry
P/C OI Ratio
1.94
Put-heavy
Spot Price
$50.00
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2027-01-15
Expiration
Max Pain Strike
Last Updated
2026-04-17
$45.00
4/17/2026, 11:03:28 PM
2026-05-15
$52.50
5/15/2026, 11:02:41 PM
2026-06-18NextUpdated
$52.06
5/20/2026, 11:02:58 PM
2026-07-17
$50.00
5/20/2026, 11:02:58 PM
2026-10-16
$57.50
5/20/2026, 11:02:58 PM
2027-01-15
$50.00
5/20/2026, 11:02:58 PM
Selected expiration: 2027-01-15 at max pain $50.00.
AMRZ pain by strike for 2027-01-15 expiration
Strike
Call Pain
Put Pain
Total Pain
29.56
0
10962540
10962540
30
0
10717724
10717724
39.56
2868
5406188
5409056
40
4364
5162032
5166396
42.5
20114
3776282
3796396
44.56
37212
2634424
2671636
45
41744
2396252
2437996
47.06
66670
1284882
1351552
47.5
72830
1083362
1156192
49.56
104760
295412
400172
50
120116
208820
328936
52.06
231356
141252
372608
52.5
257756
128976
386732
54.56
391450
80360
471810
55
432106
75564
507670
57.06
676834
56406
733240
57.5
737158
52314
789472
59.56
1058724
33156
1091880
60
1139904
29592
1169496
62.06
1574358
15378
1589736
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.