This page reflects AS 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 — AS
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $32.50 (1.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.50
Nearest expiry
Expected Move
±$3.75
±11.1%
Days to Expiry
30
Calendar days
Total Call OI
33,085
Nearest expiry
Total Put OI
25,679
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$33.83
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
$32.50
4/17/2026, 11:04:05 PM
2026-05-15
$35.00
5/15/2026, 11:05:45 PM
2026-06-18NextUpdated
$32.50
5/19/2026, 11:03:03 PM
2026-07-17
$37.50
5/19/2026, 11:03:03 PM
2026-09-18
$35.00
5/19/2026, 11:03:03 PM
2026-12-18
$37.50
5/19/2026, 11:03:03 PM
2027-01-15
$27.50
5/19/2026, 11:03:03 PM
Selected expiration: 2026-06-18 at max pain $32.50.
AS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
33152000
33152000
20
250
26732250
26732500
22.5
500
20312500
20313000
25
1250
13907500
13908750
27.5
13250
7643000
7656250
30
26250
1658250
1684500
32.5
163000
833750
996750
35
3016250
220500
3236750
37.5
6615000
111500
6726500
40
10570250
42000
10612250
42.5
15559000
1500
15560500
45
23388000
0
23388000
47.5
31473250
0
31473250
50
39677000
0
39677000
55
56141000
0
56141000
60
72674000
0
72674000
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.