This page reflects EH 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 — EH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (0.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$1.50
±16.2%
Days to Expiry
29
Calendar days
Total Call OI
22,242
Nearest expiry
Total Put OI
5,225
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$9.27
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
$11.00
4/17/2026, 11:13:50 PM
2026-05-15
$10.00
5/15/2026, 11:15:17 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:11:23 PM
2026-07-17
$10.00
5/20/2026, 11:11:23 PM
2026-10-16
$12.00
5/20/2026, 11:11:23 PM
2027-01-15
$8.00
5/20/2026, 11:11:23 PM
Selected expiration: 2026-06-18 at max pain $9.00.
EH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
2670400
2670400
4
600
2148000
2148600
5
1300
1625800
1627100
6
2200
1104300
1106500
7
3100
584000
587100
8
4000
65800
69800
9
11900
10800
22700
10
44200
4100
48300
11
86800
300
87100
12
2253900
200
2254100
13
4437100
100
4437200
14
6656600
0
6656600
15
8877900
0
8877900
16
11100400
0
11100400
17
13323000
0
13323000
18
15545800
0
15545800
19
17768700
0
17768700
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.