This page reflects ESPR 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 — ESPR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $2.50 (0.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.50
Nearest expiry
Expected Move
±$0.18
±5.6%
Days to Expiry
29
Calendar days
Total Call OI
35,606
Nearest expiry
Total Put OI
2,040
Nearest expiry
P/C OI Ratio
0.06
Put-heavy
Spot Price
$3.13
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
$2.50
4/17/2026, 11:11:55 PM
2026-05-15
$2.00
5/15/2026, 11:13:49 PM
2026-06-18NextUpdated
$2.50
5/20/2026, 11:11:55 PM
2026-07-17
$3.00
5/20/2026, 11:11:55 PM
2026-09-18
$3.00
5/20/2026, 11:11:55 PM
2026-12-18
$3.00
5/20/2026, 11:11:55 PM
2027-01-15
$2.00
5/20/2026, 11:11:55 PM
Selected expiration: 2026-06-18 at max pain $2.50.
ESPR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
375650
375650
1.5
1000
273650
274650
2
29900
175050
204950
2.5
75800
90850
166650
3
180050
34800
214850
3.5
711300
13550
724850
4
1513700
200
1513900
4.5
2679300
100
2679400
5
4352600
0
4352600
5.5
6075700
0
6075700
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.