This page reflects ARCB 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 — ARCB
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (55.03 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
±$6.85
±5.5%
Days to Expiry
29
Calendar days
Total Call OI
794
Nearest expiry
Total Put OI
133
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$125.03
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, 11:03:29 PM
2026-05-15
$125.00
5/15/2026, 11:05:11 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:04:22 PM
2026-09-18
$110.00
5/20/2026, 11:04:22 PM
2026-12-18
$95.00
5/20/2026, 11:04:22 PM
Selected expiration: 2026-06-18 at max pain $70.00.
ARCB pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
106500
106500
60
0
93000
93000
65
500
84000
84500
70
1000
75500
76500
75
20000
67000
87000
80
42500
58500
101000
85
140000
50500
190500
90
252500
42500
295000
95
381500
34500
416000
100
516000
26500
542500
105
650500
20000
670500
110
785000
14000
799000
115
928000
8500
936500
120
1113000
5000
1118000
125
1307500
2500
1310000
130
1580000
0
1580000
135
1905000
0
1905000
140
2285500
0
2285500
145
2667000
0
2667000
150
3051500
0
3051500
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.