This page reflects CHYM 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 — CHYM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $22.50 (4.83 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$2.42
±13.7%
Days to Expiry
29
Calendar days
Total Call OI
18,957
Nearest expiry
Total Put OI
12,387
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$17.67
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
$20.00
4/17/2026, 11:07:55 PM
2026-05-15
$20.00
5/15/2026, 11:04:38 PM
2026-06-18NextUpdated
$22.50
5/20/2026, 11:06:50 PM
2026-07-17
$17.50
5/20/2026, 11:06:50 PM
2026-09-18
$17.50
5/20/2026, 11:06:50 PM
2026-12-18
$20.00
5/20/2026, 11:06:50 PM
2027-01-15
$20.00
5/20/2026, 11:06:50 PM
Selected expiration: 2026-06-18 at max pain $22.50.
CHYM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
18452250
18452250
5
0
15355750
15355750
7.5
0
12259250
12259250
10
2500
9166500
9169000
12.5
16500
6111750
6128250
15
30500
3084500
3115000
17.5
66750
1657000
1723750
20
250250
764500
1014750
22.5
695500
252250
947750
25
1475250
90750
1566000
27.5
2667250
18500
2685750
30
4321000
11500
4332500
32.5
8759000
8500
8767500
35
13274750
5500
13280250
37.5
17927500
2750
17930250
40
22612500
0
22612500
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.