This page reflects ARQQ 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 — ARQQ
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $15.00 (2.83 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$3.15
±25.9%
Days to Expiry
30
Calendar days
Total Call OI
2,721
Nearest expiry
Total Put OI
1,056
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$12.17
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
$15.00
4/17/2026, 11:03:24 PM
2026-05-15
$15.00
5/15/2026, 11:04:45 PM
2026-06-18NextUpdated
$15.00
5/19/2026, 11:03:39 PM
2026-07-17
$12.50
5/19/2026, 11:03:39 PM
2026-09-18
$15.00
5/19/2026, 11:03:39 PM
2026-12-18
$10.00
5/19/2026, 11:03:39 PM
2027-01-15
$17.50
5/19/2026, 11:03:39 PM
Selected expiration: 2026-06-18 at max pain $15.00.
ARQQ pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
7.5
0
801250
801250
10
0
540500
540500
12.5
250
323750
324000
15
40750
186000
226750
17.5
167000
122750
289750
20
406250
76000
482250
22.5
698000
52500
750500
25
1051750
31500
1083250
30
1890750
8500
1899250
35
2983250
7000
2990250
40
4146750
5500
4152250
45
5396250
4000
5400250
50
6669750
3000
6672750
55
7960250
2000
7962250
60
9250750
1000
9251750
65
10601250
0
10601250
70
11951750
0
11951750
75
13302250
0
13302250
80
14652750
0
14652750
85
16003250
0
16003250
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.