This page reflects BEKE 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 — BEKE
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $17.00 (1.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$0.55
±3.0%
Days to Expiry
2
Calendar days
Total Call OI
2,128
Nearest expiry
Total Put OI
937
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$18.07
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$12.50
5/8/2026, 11:05:59 PM
2026-05-15
$16.50
5/15/2026, 11:05:35 PM
2026-05-22NextUpdated
$17.00
5/20/2026, 11:05:35 PM
2026-05-29
$17.00
5/20/2026, 11:05:35 PM
2026-06-05
$17.00
5/20/2026, 11:05:35 PM
2026-06-12
$17.00
5/20/2026, 11:05:35 PM
2026-06-18
$18.00
5/20/2026, 11:05:35 PM
2026-07-17
$17.00
5/20/2026, 11:05:35 PM
2026-09-18
$17.00
5/20/2026, 11:05:35 PM
2026-10-16
$17.00
5/20/2026, 11:05:35 PM
2026-12-18
$17.00
5/20/2026, 11:05:35 PM
2027-01-15
$17.00
5/20/2026, 11:05:35 PM
Selected expiration: 2026-05-22 at max pain $17.00.
BEKE pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
731700
731700
11
200
544300
544500
13
400
356900
357300
14
500
263500
264000
15
1100
170200
171300
15.5
8800
127000
135800
16
16500
87050
103550
16.5
26000
52150
78150
17
35500
20250
55750
17.5
49250
8600
57850
18
64800
5950
70750
18.5
88400
4100
92500
19
116150
2700
118850
19.5
167050
2200
169250
20
236450
1950
238400
20.5
311600
1700
313300
21
387950
1450
389400
23
813550
450
814000
24
1026350
150
1026500
24.5
1132750
0
1132750
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.