This page reflects EIX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — EIX
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (0.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$4.90
±7.0%
Days to Expiry
28
Calendar days
Total Call OI
4,228
Nearest expiry
Total Put OI
5,310
Nearest expiry
P/C OI Ratio
1.26
Put-heavy
Spot Price
$70.32
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
$72.50
4/17/2026, 11:14:33 PM
2026-05-15
$70.00
5/15/2026, 11:12:19 PM
2026-06-18NextUpdated
$70.00
5/21/2026, 11:11:30 PM
2026-07-17
$70.00
5/21/2026, 11:11:30 PM
2026-10-16
$72.50
5/21/2026, 11:11:30 PM
2027-01-15
$57.50
5/21/2026, 11:11:30 PM
Selected expiration: 2026-06-18 at max pain $70.00.
EIX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
8181500
8181500
55
0
5545000
5545000
60
500
2931500
2932000
62.5
750
1752750
1753500
65
1250
678000
679250
67.5
4750
145750
150500
70
21250
37250
58500
72.5
213000
0
213000
75
667000
0
667000
77.5
1458750
0
1458750
80
2457000
0
2457000
100
10913000
0
10913000
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.