Establishment Labs Holdings IncClose $70.04EOD only
Max Pain
$70.00
Next expiry Jun 18, 2026
Expected Move
±$9.70
13.8% from close
Price Gap
-0.04
Distance to max pain
IV Rank
2
Low premium
P/C OI
0.26
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects ESTA 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 — ESTA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (0.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$9.70
±13.8%
Days to Expiry
29
Calendar days
Total Call OI
2,167
Nearest expiry
Total Put OI
946
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$70.04
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
$57.50
4/17/2026, 11:10:20 PM
2026-05-15
$65.00
5/15/2026, 11:15:30 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:08:54 PM
2026-07-17
$50.00
5/20/2026, 11:08:54 PM
2026-08-21
$60.00
5/20/2026, 11:08:54 PM
2026-11-20
$35.00
5/20/2026, 11:08:54 PM
2026-12-18
$50.00
5/20/2026, 11:08:54 PM
Selected expiration: 2026-06-18 at max pain $70.00.
ESTA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
2356500
2356500
50
0
1180250
1180250
55
0
710750
710750
57.5
0
587250
587250
60
0
464000
464000
62.5
0
345750
345750
65
0
232250
232250
67.5
250
120250
120500
70
3750
8500
12250
72.5
249000
4250
253250
75
494500
0
494500
80
1571500
0
1571500
85
2651000
0
2651000
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.