This page reflects EG 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 — EG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $310.00 (48.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$18.20
±5.1%
Days to Expiry
29
Calendar days
Total Call OI
1,097
Nearest expiry
Total Put OI
776
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$358.42
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
$330.00
4/17/2026, 11:14:20 PM
2026-05-15
$340.00
5/15/2026, 11:14:54 PM
2026-06-18NextUpdated
$310.00
5/20/2026, 11:11:17 PM
2026-07-17
$340.00
5/20/2026, 11:11:17 PM
2026-10-16
$340.00
5/20/2026, 11:11:17 PM
Selected expiration: 2026-06-18 at max pain $310.00.
EG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
11092000
11092000
195
500
10704500
10705000
200
1000
10317000
10318000
210
2000
9543000
9545000
220
3000
8772000
8775000
230
4000
8006000
8010000
240
5000
7246000
7251000
250
7000
6499000
6506000
260
9000
5752000
5761000
270
11000
5005000
5016000
280
15000
4267000
4282000
290
19000
3538000
3557000
300
24000
2816000
2840000
310
29000
2106000
2135000
320
744000
1414000
2158000
330
1485000
737000
2222000
340
2228000
102000
2330000
350
2989000
62000
3051000
360
3844000
31000
3875000
370
4741000
7000
4748000
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.