This page reflects ASYS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 22, 2026 close
Max Pain — ASYS
Data as of market close May 22, 2026
Nearest listed expiration 2026-06-18 shows max pain at $15.00 (7.08 below 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
±$4.95
±22.4%
Days to Expiry
27
Calendar days
Total Call OI
568
Nearest expiry
Total Put OI
56
Nearest expiry
P/C OI Ratio
0.10
Put-heavy
Spot Price
$22.08
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
$12.50
4/17/2026, 11:03:26 PM
2026-05-15
$10.00
5/15/2026, 11:05:56 PM
2026-06-18NextUpdated
$15.00
5/22/2026, 11:05:21 PM
2026-08-21
$12.50
5/22/2026, 11:05:21 PM
2026-11-20
$12.50
5/22/2026, 11:05:21 PM
Selected expiration: 2026-06-18 at max pain $15.00.
ASYS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
87000
87000
10
5250
50250
55500
12.5
7750
38000
45750
15
10250
26500
36750
17.5
28750
16250
45000
20
58250
7500
65750
22.5
112750
2750
115500
25
192250
0
192250
30
407750
0
407750
35
689750
0
689750
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.