This page reflects CASY 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 — CASY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $810.00 (42.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$810.00
Nearest expiry
Expected Move
±$82.20
±9.6%
Days to Expiry
29
Calendar days
Total Call OI
688
Nearest expiry
Total Put OI
468
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$852.51
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
$700.00
4/17/2026, 11:02:27 PM
2026-05-15
$730.00
5/15/2026, 11:06:44 PM
2026-06-18NextUpdated
$810.00
5/20/2026, 11:07:02 PM
2026-07-17
$880.00
5/20/2026, 11:07:02 PM
2026-08-21
$670.00
5/20/2026, 11:07:02 PM
2026-11-20
$800.00
5/20/2026, 11:07:02 PM
Selected expiration: 2026-06-18 at max pain $810.00.
CASY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
600
0
8449000
8449000
610
3000
7985000
7988000
620
8000
7521000
7529000
630
14000
7059000
7073000
640
22000
6621000
6643000
650
30000
6203000
6233000
660
38000
5795000
5833000
670
47000
5389000
5436000
680
58000
4986000
5044000
690
69000
4586000
4655000
700
81000
4190000
4271000
710
99000
3814000
3913000
720
118000
3444000
3562000
730
137000
3082000
3219000
740
156000
2730000
2886000
750
176000
2396000
2572000
760
197000
2078000
2275000
770
220000
1780000
2000000
780
271000
1499000
1770000
790
324000
1231000
1555000
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.