This page reflects EFX 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 — EFX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $170.00 (5.14 above 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
±$14.10
±8.6%
Days to Expiry
29
Calendar days
Total Call OI
1,078
Nearest expiry
Total Put OI
805
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$164.86
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
$185.00
4/17/2026, 11:13:58 PM
2026-05-15
$175.00
5/15/2026, 11:14:45 PM
2026-06-18NextUpdated
$170.00
5/20/2026, 11:11:37 PM
2026-07-17
$180.00
5/20/2026, 11:11:37 PM
2026-10-16
$175.00
5/20/2026, 11:11:37 PM
2026-12-18
$195.00
5/20/2026, 11:11:37 PM
Selected expiration: 2026-06-18 at max pain $170.00.
EFX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
5767500
5767500
105
0
4962500
4962500
115
0
4158500
4158500
120
1000
3756500
3757500
125
2500
3368000
3370500
130
4000
2980500
2984500
135
7000
2598000
2605000
140
10000
2216000
2226000
145
19000
1840000
1859000
150
28500
1469000
1497500
155
40500
1193000
1233500
160
53000
971000
1024000
165
69000
815500
884500
170
190500
668500
859000
175
381500
554500
936000
180
599000
452000
1051000
185
843000
368000
1211000
190
1134500
286500
1421000
195
1459500
218000
1677500
200
1792500
167000
1959500
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.