This page reflects ERIE 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 — ERIE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $210.00 (12.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$17.95
±8.1%
Days to Expiry
29
Calendar days
Total Call OI
2,457
Nearest expiry
Total Put OI
86
Nearest expiry
P/C OI Ratio
0.04
Put-heavy
Spot Price
$222.07
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
$240.00
4/17/2026, 11:11:59 PM
2026-05-15
$220.00
5/15/2026, 11:11:41 PM
2026-06-18NextUpdated
$210.00
5/20/2026, 11:13:21 PM
2026-09-18
$195.00
5/20/2026, 11:13:21 PM
2026-12-18
$210.00
5/20/2026, 11:13:21 PM
Selected expiration: 2026-06-18 at max pain $210.00.
ERIE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
170
0
468000
468000
175
0
425500
425500
180
0
383500
383500
190
0
301500
301500
195
0
263500
263500
200
1000
226000
227000
210
4000
166000
170000
220
317000
125000
442000
230
645000
91000
736000
240
997000
64000
1061000
250
1419000
42000
1461000
260
2720000
36000
2756000
270
4878000
30000
4908000
280
7048000
24000
7072000
290
9221000
18000
9239000
300
11411000
12000
11423000
310
13667000
6000
13673000
320
15923000
0
15923000
330
18185000
0
18185000
340
20500000
0
20500000
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.