This page reflects EC 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 — EC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $13.00 (0.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$1.60
±11.7%
Days to Expiry
29
Calendar days
Total Call OI
5,210
Nearest expiry
Total Put OI
2,624
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$13.72
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
$14.00
4/17/2026, 11:10:32 PM
2026-05-15
$14.00
5/15/2026, 11:12:26 PM
2026-06-18NextUpdated
$13.00
5/20/2026, 11:13:07 PM
2026-08-21
$12.00
5/20/2026, 11:13:07 PM
2026-11-20
$18.00
5/20/2026, 11:13:07 PM
Selected expiration: 2026-06-18 at max pain $13.00.
EC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
2210900
2210900
6
400
1948500
1948900
7
1700
1686100
1687800
8
3000
1423700
1426700
9
4400
1161300
1165700
10
5900
898900
904800
11
7600
636500
644100
12
9400
387600
397000
13
22000
191800
213800
14
76000
149600
225600
15
421300
114300
535600
16
834300
80300
914600
17
1354900
46500
1401400
18
1875800
16100
1891900
19
2396800
0
2396800
20
2917800
0
2917800
21
3438800
0
3438800
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.