This page reflects ARRY 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 — ARRY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (0.74 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$1.47
±17.9%
Days to Expiry
29
Calendar days
Total Call OI
4,842
Nearest expiry
Total Put OI
6,523
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$8.26
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
$8.00
4/17/2026, 11:03:33 PM
2026-05-15
$8.00
5/15/2026, 11:05:16 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:05:08 PM
2026-07-17
$9.00
5/20/2026, 11:05:08 PM
2026-08-21
$9.00
5/20/2026, 11:05:08 PM
2026-09-18
$9.00
5/20/2026, 11:05:08 PM
2026-10-16
$8.00
5/20/2026, 11:05:08 PM
2026-11-20
$9.00
5/20/2026, 11:05:08 PM
2027-01-15
$7.00
5/20/2026, 11:05:08 PM
Selected expiration: 2026-06-18 at max pain $9.00.
ARRY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3999200
3999200
2
100
3346900
3347000
3
300
2694600
2694900
4
600
2042300
2042900
5
1000
1390000
1391000
6
2400
763100
765500
7
4000
416300
420300
8
11200
171900
183100
9
58400
78700
137100
10
185800
2200
188000
11
468100
1300
469400
12
785200
500
785700
13
1263600
0
1263600
14
1743100
0
1743100
15
2227300
0
2227300
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.