thetaOwl

ETHB

iShares Staked Ethereum Trust EClose $27.50EOD only
Max Pain
$30.00
Next expiry Jun 18, 2026
Expected Move
±$1.57
5.7% from close
Price Gap
+2.50
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.74
Slightly call-heavy
Consensus
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects ETHB 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 — ETHB
Data as of market close May 20, 2026

Nearest listed expiration 2026-06-18 shows max pain at $30.00 (2.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.57
±5.7%
Days to Expiry
29
Calendar days
Total Call OI
93
Nearest expiry
Total Put OI
89
Nearest expiry
P/C OI Ratio
0.96
Put-heavy
Spot Price
$27.50
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-06-18
ExpirationMax Pain StrikeLast Updated
2026-04-17$28.004/17/2026, 11:11:21 PM
2026-05-15$30.005/15/2026, 11:14:28 PM
2026-06-18NextUpdated$30.005/20/2026, 11:12:27 PM
2026-09-18$29.005/20/2026, 11:12:27 PM
2026-12-18$23.005/20/2026, 11:12:27 PM
Selected expiration: 2026-06-18 at max pain $30.00.
ETHB pain by strike for 2026-06-18 expiration
StrikeCall PainPut PainTotal Pain
2005560055600
255001410014600
2660065007100
2770036004300
2880018002600
299007001600
30100001000
31120001200
32160001600
33260002600
35480004800
3940800040800
4049900049900
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.