Armstrong World Industries IncClose $157.35EOD only
Max Pain
$170.00
Next expiry Jun 18, 2026
Expected Move
±$4.05
2.6% from close
Price Gap
+12.65
Distance to max pain
IV Rank
7
Low premium
P/C OI
1.15
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects AWI 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 — AWI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $170.00 (12.65 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$4.05
±2.6%
Days to Expiry
29
Calendar days
Total Call OI
293
Nearest expiry
Total Put OI
333
Nearest expiry
P/C OI Ratio
1.14
Put-heavy
Spot Price
$157.35
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
$170.00
4/17/2026, 11:03:54 PM
2026-05-15
$160.00
5/15/2026, 11:03:36 PM
2026-06-18NextUpdated
$170.00
5/20/2026, 11:04:41 PM
2026-09-18
$180.00
5/20/2026, 11:04:41 PM
2026-12-18
$140.00
5/20/2026, 11:04:41 PM
Selected expiration: 2026-06-18 at max pain $170.00.
AWI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
2124500
2124500
105
0
1959000
1959000
110
0
1796000
1796000
115
0
1633000
1633000
120
500
1470000
1470500
125
1000
1307500
1308500
130
1500
1145500
1147000
135
2000
985000
987000
140
2500
826500
829000
145
3500
671000
674500
150
4500
516500
521000
155
5500
362500
368000
160
6500
213000
219500
165
7500
76000
83500
170
8500
39500
48000
175
119000
28000
147000
180
230000
21000
251000
185
342500
18500
361000
190
455000
16000
471000
195
576000
14000
590000
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.