This page reflects ECPG 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 — ECPG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $82.50 (1.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$82.50
Nearest expiry
Expected Move
±$6.32
±7.8%
Days to Expiry
29
Calendar days
Total Call OI
180
Nearest expiry
Total Put OI
582
Nearest expiry
P/C OI Ratio
3.23
Put-heavy
Spot Price
$80.64
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
$70.00
4/17/2026, 11:13:50 PM
2026-05-15
$82.50
5/15/2026, 11:13:50 PM
2026-06-18NextUpdated
$82.50
5/20/2026, 11:13:37 PM
2026-09-18
$60.00
5/20/2026, 11:13:37 PM
2026-12-18
$55.00
5/20/2026, 11:13:37 PM
Selected expiration: 2026-06-18 at max pain $82.50.
ECPG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
1598750
1598750
42.5
0
1308750
1308750
45
0
1164500
1164500
47.5
0
1020250
1020250
50
0
939500
939500
52.5
2000
859500
861500
55
5000
779500
784500
57.5
8000
699500
707500
62.5
14000
539500
553500
65
17000
459500
476500
70
26000
299500
325500
72.5
33750
219500
253250
75
45250
140500
185750
77.5
59000
76250
135250
80
73500
25250
98750
82.5
88750
0
88750
85
104000
0
104000
87.5
134500
0
134500
90
165250
0
165250
92.5
209500
0
209500
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.