This page reflects ANF 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 — ANF
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $71.00 (3.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$71.00
Nearest expiry
Expected Move
±$3.35
±4.5%
Days to Expiry
2
Calendar days
Total Call OI
3,642
Nearest expiry
Total Put OI
1,647
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$74.73
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$80.00
5/8/2026, 11:04:35 PM
2026-05-15
$76.00
5/15/2026, 11:03:23 PM
2026-05-22NextUpdated
$71.00
5/20/2026, 11:03:07 PM
2026-05-29
$78.00
5/20/2026, 11:03:07 PM
2026-06-05
$80.00
5/20/2026, 11:03:07 PM
2026-06-12
$76.00
5/20/2026, 11:03:07 PM
2026-06-18
$75.00
5/20/2026, 11:03:07 PM
2026-06-26
$70.00
5/20/2026, 11:03:07 PM
2026-07-17
$75.00
5/20/2026, 11:03:07 PM
2026-08-21
$85.00
5/20/2026, 11:03:07 PM
2026-09-18
$90.00
5/20/2026, 11:03:07 PM
2026-11-20
$75.00
5/20/2026, 11:03:07 PM
2026-12-18
$100.00
5/20/2026, 11:03:07 PM
2027-01-15
$85.00
5/20/2026, 11:03:07 PM
Selected expiration: 2026-05-22 at max pain $71.00.
ANF pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
2561200
2561200
60
0
1738200
1738200
61
100
1578400
1578500
62
200
1418700
1418900
63
300
1260200
1260500
64
600
1103000
1103600
65
1000
953100
954100
66
2100
841100
843200
67
4500
732600
737100
68
8300
632400
640700
69
14500
543500
558000
70
20900
456800
477700
71
36200
397000
433200
72
119000
342500
461500
73
242200
292400
534600
74
372300
246200
618500
75
505500
207200
712700
76
691500
172800
864300
77
905200
139600
1044800
78
1140800
113300
1254100
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.