This page reflects EMN 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 — EMN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (0.65 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
±$6.40
±9.1%
Days to Expiry
29
Calendar days
Total Call OI
3,764
Nearest expiry
Total Put OI
2,324
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$70.65
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
$65.00
4/17/2026, 11:11:25 PM
2026-05-15
$70.00
5/15/2026, 11:14:35 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:11:59 PM
2026-07-17
$70.00
5/20/2026, 11:11:59 PM
2026-09-18
$70.00
5/20/2026, 11:11:59 PM
2026-12-18
$60.00
5/20/2026, 11:11:59 PM
2027-01-15
$65.00
5/20/2026, 11:11:59 PM
Selected expiration: 2026-06-18 at max pain $70.00.
EMN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
7883500
7883500
35
2500
6721500
6724000
40
5000
5561000
5566000
45
7500
4401500
4409000
50
10000
3253500
3263500
55
14000
2302000
2316000
60
21500
1448500
1470000
65
79000
734500
813500
70
290500
185000
475500
75
702000
45500
747500
80
1489000
11500
1500500
85
2927000
2500
2929500
90
4634000
0
4634000
95
6483500
0
6483500
100
8365500
0
8365500
105
10247500
0
10247500
110
12129500
0
12129500
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.