This page reflects BETA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — BETA
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $17.50 (1.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$3.02
±18.9%
Days to Expiry
28
Calendar days
Total Call OI
447
Nearest expiry
Total Put OI
752
Nearest expiry
P/C OI Ratio
1.68
Put-heavy
Spot Price
$15.97
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
$22.50
4/17/2026, 11:04:41 PM
2026-05-15
$17.50
5/15/2026, 11:06:34 PM
2026-06-18NextUpdated
$17.50
5/21/2026, 11:04:53 PM
2026-07-17
$17.50
5/21/2026, 11:04:53 PM
2026-10-16
$15.00
5/21/2026, 11:04:53 PM
2027-01-15
$7.50
5/21/2026, 11:04:53 PM
Selected expiration: 2026-06-18 at max pain $17.50.
BETA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
945750
945750
5
750
759250
760000
7.5
1750
573500
575250
10
2750
388500
391250
12.5
4000
204750
208750
15
5250
74250
79500
17.5
21750
10000
31750
20
71500
4500
76000
22.5
157500
750
158250
25
257000
0
257000
30
477500
0
477500
35
701000
0
701000
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.