This page reflects AU 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 — AU
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (2.20 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$11.45
±12.3%
Days to Expiry
29
Calendar days
Total Call OI
4,627
Nearest expiry
Total Put OI
1,924
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$92.80
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
$90.00
4/17/2026, 11:03:36 PM
2026-05-15
$100.00
5/15/2026, 11:06:07 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:03:19 PM
2026-07-17
$100.00
5/20/2026, 11:03:19 PM
2026-10-16
$85.00
5/20/2026, 11:03:19 PM
2026-12-18
$75.00
5/20/2026, 11:03:19 PM
2027-01-15
$100.00
5/20/2026, 11:03:19 PM
Selected expiration: 2026-06-18 at max pain $95.00.
AU pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
6209500
6209500
65
14500
5247500
5262000
70
29000
4299500
4328500
75
44500
3362000
3406500
80
65000
2453500
2518500
85
85500
1777000
1862500
90
139500
1312000
1451500
95
307500
935500
1243000
100
866500
650500
1517000
105
1665000
421500
2086500
110
2902000
219000
3121000
115
4700500
71500
4772000
120
6646000
27000
6673000
125
8915000
0
8915000
130
11197000
0
11197000
135
13486000
0
13486000
140
15778500
0
15778500
150
20401500
0
20401500
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.