Axis Capital Holdings LimitedClose $100.55EOD only
Max Pain
$100.00
Next expiry Jun 18, 2026
Expected Move
±$6.03
6.0% from close
Price Gap
-0.55
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.44
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects AXS 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 — AXS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (0.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$6.03
±6.0%
Days to Expiry
29
Calendar days
Total Call OI
113
Nearest expiry
Total Put OI
169
Nearest expiry
P/C OI Ratio
1.50
Put-heavy
Spot Price
$100.55
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
$100.00
4/17/2026, 11:03:55 PM
2026-05-15
$95.00
5/15/2026, 11:06:35 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:05:35 PM
2026-09-18
$85.00
5/20/2026, 11:05:35 PM
2026-12-18
$90.00
5/20/2026, 11:05:35 PM
Selected expiration: 2026-06-18 at max pain $100.00.
AXS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
542500
542500
65
0
459000
459000
70
0
378500
378500
75
500
302500
303000
80
1000
232500
233500
85
3500
165500
169000
90
6000
98500
104500
95
9000
41500
50500
100
12500
7500
20000
105
22000
0
22000
110
49000
0
49000
115
85000
0
85000
120
135000
0
135000
125
187000
0
187000
130
243000
0
243000
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.