This page reflects ANDE 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 — ANDE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (0.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.17
±7.3%
Days to Expiry
29
Calendar days
Total Call OI
555
Nearest expiry
Total Put OI
302
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$70.65
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
$75.00
4/17/2026, 11:03:45 PM
2026-05-15
$70.00
5/15/2026, 11:03:15 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:02:51 PM
2026-09-18
$60.00
5/20/2026, 11:02:51 PM
2026-12-18
$60.00
5/20/2026, 11:02:51 PM
Selected expiration: 2026-06-18 at max pain $70.00.
ANDE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
1185500
1185500
35
0
884500
884500
40
0
748000
748000
45
0
611500
611500
50
0
486000
486000
55
0
360500
360500
60
4000
235000
239000
65
27500
112000
139500
70
70500
4500
75000
75
234500
1000
235500
80
426000
0
426000
85
652500
0
652500
90
924000
0
924000
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.