This page reflects ATEX 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 — ATEX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $50.00 (10.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$5.70
±9.4%
Days to Expiry
29
Calendar days
Total Call OI
1,431
Nearest expiry
Total Put OI
213
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$60.90
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
$35.00
4/17/2026, 11:03:30 PM
2026-05-15
$22.50
5/15/2026, 11:05:44 PM
2026-06-18NextUpdated
$50.00
5/20/2026, 11:05:28 PM
2026-08-21
$25.00
5/20/2026, 11:05:28 PM
2026-11-20
$35.00
5/20/2026, 11:05:28 PM
2027-01-15
$30.00
5/20/2026, 11:05:28 PM
Selected expiration: 2026-06-18 at max pain $50.00.
ATEX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
681000
681000
30
1000
468000
469000
35
2000
361500
363500
45
4000
164500
168500
50
17500
72000
89500
55
430500
0
430500
60
956500
0
956500
65
1653000
0
1653000
70
2356000
0
2356000
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.