This page reflects ARCC 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 — ARCC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $19.00 (0.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$1.10
±5.9%
Days to Expiry
29
Calendar days
Total Call OI
29,953
Nearest expiry
Total Put OI
49,820
Nearest expiry
P/C OI Ratio
1.66
Put-heavy
Spot Price
$18.70
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
$18.00
4/17/2026, 11:03:30 PM
2026-05-15
$19.00
5/15/2026, 11:05:14 PM
2026-06-18NextUpdated
$19.00
5/20/2026, 11:04:26 PM
2026-07-17
$19.00
5/20/2026, 11:04:26 PM
2026-09-18
$19.00
5/20/2026, 11:04:26 PM
2026-12-18
$19.00
5/20/2026, 11:04:26 PM
2027-01-15
$20.00
5/20/2026, 11:04:26 PM
Selected expiration: 2026-06-18 at max pain $19.00.
ARCC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
35763600
35763600
12
3600
25801800
25805400
13
5400
20823900
20829300
14
7200
15886700
15893900
15
9000
11039000
11048000
16
11200
6819700
6830900
17
15100
3062900
3078000
18
39600
1027700
1067300
19
430000
370900
800900
20
1672300
50100
1722400
21
3836000
18600
3854600
22
6518800
3600
6522400
23
9388900
700
9389600
24
12366200
0
12366200
25
15360800
0
15360800
26
18356000
0
18356000
27
21351200
0
21351200
28
24346400
0
24346400
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.