This page reflects EQT 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 — EQT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $57.00 (0.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$57.00
Nearest expiry
Expected Move
±$1.51
±2.6%
Days to Expiry
2
Calendar days
Total Call OI
4,557
Nearest expiry
Total Put OI
47,353
Nearest expiry
P/C OI Ratio
10.39
Put-heavy
Spot Price
$57.83
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$57.00
5/8/2026, 11:13:04 PM
2026-05-15
$57.50
5/15/2026, 11:11:38 PM
2026-05-22NextUpdated
$57.00
5/20/2026, 11:11:12 PM
2026-05-29
$57.00
5/20/2026, 11:11:12 PM
2026-06-05
$57.00
5/20/2026, 11:11:12 PM
2026-06-12
$57.00
5/20/2026, 11:11:12 PM
2026-06-18
$60.00
5/20/2026, 11:11:12 PM
2026-06-26
$55.00
5/20/2026, 11:11:12 PM
2026-07-17
$57.50
5/20/2026, 11:11:12 PM
2026-09-18
$57.50
5/20/2026, 11:11:12 PM
2026-12-18
$55.00
5/20/2026, 11:11:12 PM
2027-01-15
$52.50
5/20/2026, 11:11:12 PM
2027-03-19
$60.00
5/20/2026, 11:11:12 PM
Selected expiration: 2026-05-22 at max pain $57.00.
EQT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
28441900
28441900
48
300
14236000
14236300
50
500
4770400
4770900
51
800
2945100
2945900
52
1300
1150900
1152200
53
2100
880300
882400
54
6300
623700
630000
55
11000
374700
385700
56
22600
201900
224500
57
66200
127000
193200
58
184800
74200
259000
59
401700
34700
436400
60
673500
17400
690900
61
986300
9800
996100
62
1312400
7400
1319800
63
1647400
5200
1652600
64
1986400
3000
1989400
65
2327400
800
2328200
66
2773500
0
2773500
67
3221100
0
3221100
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.