This page reflects EQNR 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 — EQNR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $39.00 (0.04 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$39.00
Nearest expiry
Expected Move
±$3.73
±9.6%
Days to Expiry
29
Calendar days
Total Call OI
13,728
Nearest expiry
Total Put OI
13,473
Nearest expiry
P/C OI Ratio
0.98
Put-heavy
Spot Price
$38.96
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
$34.00
4/17/2026, 11:11:41 PM
2026-05-15
$40.00
5/15/2026, 11:13:25 PM
2026-06-18NextUpdated
$39.00
5/20/2026, 11:13:39 PM
2026-07-17
$38.00
5/20/2026, 11:13:39 PM
2026-10-16
$37.00
5/20/2026, 11:13:39 PM
2027-01-15
$27.00
5/20/2026, 11:13:39 PM
Selected expiration: 2026-06-18 at max pain $39.00.
EQNR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
9756200
9756200
31
0
8420400
8420400
32
100
7088000
7088100
33
2500
5760200
5762700
34
5300
4453400
4458700
35
10100
3154600
3164700
36
22500
1973000
1995500
37
78800
807100
885900
38
146100
164500
310600
39
238600
37200
275800
40
386700
12400
399100
41
840100
4900
845000
42
1432900
1700
1434600
43
2041100
1200
2042300
44
3255500
700
3256200
45
4523100
200
4523300
46
5812600
100
5812700
47
7183800
0
7183800
48
8556600
0
8556600
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.