This page reflects EVRG 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 — EVRG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $80.00 (3.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.40
±4.1%
Days to Expiry
29
Calendar days
Total Call OI
1,941
Nearest expiry
Total Put OI
1,558
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$83.16
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
$77.50
4/17/2026, 11:12:11 PM
2026-05-15
$80.00
5/15/2026, 11:12:45 PM
2026-06-18NextUpdated
$80.00
5/20/2026, 11:10:56 PM
2026-09-18
$80.00
5/20/2026, 11:10:56 PM
2026-12-18
$75.00
5/20/2026, 11:10:56 PM
Selected expiration: 2026-06-18 at max pain $80.00.
EVRG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
1382750
1382750
50
0
610250
610250
62.5
0
356500
356500
65
250
305750
306000
67.5
1000
255250
256250
70
1750
205750
207500
72.5
6250
156750
163000
75
10750
108250
119000
77.5
15250
62000
77250
80
25750
19500
45250
82.5
63250
0
63250
85
316000
0
316000
87.5
759000
0
759000
90
1233500
0
1233500
95
2204000
0
2204000
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.