This page reflects COKE 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 — COKE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $170.00 (6.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$15.00
±8.5%
Days to Expiry
29
Calendar days
Total Call OI
1,301
Nearest expiry
Total Put OI
680
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$176.22
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
$195.00
4/17/2026, 11:06:15 PM
2026-05-15
$195.00
5/15/2026, 11:11:58 PM
2026-06-18NextUpdated
$170.00
5/20/2026, 11:08:32 PM
2026-07-17
$175.00
5/20/2026, 11:08:32 PM
2026-09-18
$170.00
5/20/2026, 11:08:32 PM
2026-12-18
$160.00
5/20/2026, 11:08:32 PM
Selected expiration: 2026-06-18 at max pain $170.00.
COKE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
5730000
5730000
100
0
4408000
4408000
110
3000
3747000
3750000
115
8500
3427500
3436000
120
14000
3112500
3126500
125
19500
2798500
2818000
130
26500
2484500
2511000
135
33500
2177000
2210500
140
40500
1876000
1916500
145
50000
1578000
1628000
150
61000
1292000
1353000
155
82500
1045500
1128000
160
113000
839500
952500
165
216000
663000
879000
170
345500
507500
853000
175
497500
389500
887000
180
687000
293000
980000
185
911500
205500
1117000
190
1167500
124000
1291500
195
1441000
72000
1513000
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.