This page reflects CCS 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 — CCS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (14.57 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$4.93
±9.8%
Days to Expiry
29
Calendar days
Total Call OI
196
Nearest expiry
Total Put OI
226
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$50.43
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
$55.00
4/17/2026, 11:02:22 PM
2026-05-15
$60.00
5/15/2026, 11:08:36 PM
2026-06-18NextUpdated
$65.00
5/20/2026, 11:04:00 PM
2026-09-18
$60.00
5/20/2026, 11:04:00 PM
2026-12-18
$40.00
5/20/2026, 11:04:00 PM
Selected expiration: 2026-06-18 at max pain $65.00.
CCS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
623500
623500
35
7500
514000
521500
40
15000
404500
419500
45
22500
300000
322500
50
30000
202000
232000
55
39000
118000
157000
60
48000
59500
107500
65
73000
10500
83500
70
116000
0
116000
75
211500
0
211500
80
307000
0
307000
85
403500
0
403500
90
501000
0
501000
95
598500
0
598500
100
696500
0
696500
105
794500
0
794500
110
892500
0
892500
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.