This page reflects APLD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — APLD
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $40.00 (3.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.24
±8.8%
Days to Expiry
3
Calendar days
Total Call OI
32,196
Nearest expiry
Total Put OI
43,848
Nearest expiry
P/C OI Ratio
1.36
Put-heavy
Spot Price
$36.62
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
$35.00
5/8/2026, 11:04:25 PM
2026-05-15
$33.00
5/15/2026, 11:03:01 PM
2026-05-22NextUpdated
$40.00
5/19/2026, 11:02:50 PM
2026-05-29
$35.00
5/19/2026, 11:02:50 PM
2026-06-05
$40.00
5/19/2026, 11:02:50 PM
2026-06-12
$34.00
5/19/2026, 11:02:50 PM
2026-06-18
$31.00
5/19/2026, 11:02:50 PM
2026-06-26
$37.50
5/19/2026, 11:02:50 PM
2026-07-17
$30.00
5/19/2026, 11:02:50 PM
2026-09-18
$29.00
5/19/2026, 11:02:50 PM
2026-10-16
$34.00
5/19/2026, 11:02:50 PM
2027-01-15
$15.00
5/19/2026, 11:02:50 PM
Selected expiration: 2026-05-22 at max pain $40.00.
APLD pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
73513300
73513300
16
300
69128800
69129100
17
1300
65244400
65245700
18
2800
61363000
61365800
19
4800
57502200
57507000
20
7100
53644200
53651300
20.5
10400
51717400
51727800
21
15050
49791450
49806500
21.5
20500
47870450
47890950
22
26350
45950900
45977250
22.5
32600
44041500
44074100
23
39250
42383450
42422700
23.5
47100
40732200
40779300
24
55300
39090350
39145650
24.5
65250
37466000
37531250
25
81800
35847750
35929550
25.5
100350
34249350
34349700
26
119900
32654700
32774600
26.5
145650
31074400
31220050
27
177750
29508350
29686100
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.