This page reflects ASAN 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 — ASAN
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $6.50 (0.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.50
Nearest expiry
Expected Move
±$0.45
±6.8%
Days to Expiry
2
Calendar days
Total Call OI
2,305
Nearest expiry
Total Put OI
735
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$6.64
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$6.50
5/8/2026, 11:02:51 PM
2026-05-15
$5.00
5/15/2026, 11:05:16 PM
2026-05-22NextUpdated
$6.50
5/20/2026, 11:05:17 PM
2026-05-29
$6.00
5/20/2026, 11:05:17 PM
2026-06-18
$7.50
5/20/2026, 11:05:17 PM
2026-07-17
$5.00
5/20/2026, 11:05:17 PM
2026-08-21
$7.50
5/20/2026, 11:05:17 PM
2026-09-18
$7.50
5/20/2026, 11:05:17 PM
2026-11-20
$5.00
5/20/2026, 11:05:17 PM
2026-12-18
$12.50
5/20/2026, 11:05:17 PM
2027-01-15
$10.00
5/20/2026, 11:05:17 PM
Selected expiration: 2026-05-22 at max pain $6.50.
ASAN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
397700
397700
2
3100
324400
327500
3
6900
251100
258000
3.5
9100
214450
223550
4
11550
177800
189350
4.5
14650
141150
155800
5
18000
104500
122500
5.5
21900
68250
90150
6
26000
37950
63950
6.5
36450
24700
61150
7
56800
12800
69600
7.5
135700
10350
146050
8
223150
7900
231050
9
428850
5200
434050
10
647150
2800
649950
11
877150
800
877950
12
1107150
300
1107450
13
1337150
0
1337150
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.