This page reflects EQH 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 — EQH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $40.00 (2.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$1.12
±2.6%
Days to Expiry
29
Calendar days
Total Call OI
665
Nearest expiry
Total Put OI
311
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$42.41
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
$40.00
4/17/2026, 11:11:08 PM
2026-05-15
$40.00
5/15/2026, 11:13:07 PM
2026-06-18NextUpdated
$40.00
5/20/2026, 11:11:23 PM
2026-09-18
$40.00
5/20/2026, 11:11:23 PM
2026-12-18
$42.50
5/20/2026, 11:11:23 PM
Selected expiration: 2026-06-18 at max pain $40.00.
EQH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
400250
400250
30
0
167000
167000
32.5
1250
89750
91000
35
2500
52000
54500
37.5
3750
19250
23000
40
7500
11000
18500
42.5
15250
6000
21250
45
32750
1000
33750
47.5
148500
500
149000
50
268750
0
268750
52.5
434500
0
434500
55
600250
0
600250
57.5
766000
0
766000
60
932000
0
932000
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.