This page reflects DFH 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 — DFH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $10.00 (3.93 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$2.88
±20.6%
Days to Expiry
29
Calendar days
Total Call OI
210
Nearest expiry
Total Put OI
139
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$13.93
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
$17.50
4/17/2026, 11:08:04 PM
2026-05-15
$12.50
5/15/2026, 11:13:13 PM
2026-06-18NextUpdated
$10.00
5/20/2026, 11:10:21 PM
2026-07-17
$10.00
5/20/2026, 11:10:21 PM
2026-10-16
$17.50
5/20/2026, 11:10:21 PM
Selected expiration: 2026-06-18 at max pain $10.00.
DFH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
162500
162500
5
250
128000
128250
7.5
750
93500
94250
10
1750
59000
60750
12.5
40250
28250
68500
15
80500
4250
84750
17.5
127750
2000
129750
20
178250
750
179000
22.5
230750
0
230750
25
283250
0
283250
27.5
335750
0
335750
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.