This page reflects EWTX 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 — EWTX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $34.00 (1.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$7.57
±23.1%
Days to Expiry
29
Calendar days
Total Call OI
2,450
Nearest expiry
Total Put OI
1,313
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$32.82
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
$26.00
4/17/2026, 11:12:31 PM
2026-05-15
$25.00
5/15/2026, 11:14:07 PM
2026-06-18NextUpdated
$34.00
5/20/2026, 11:12:15 PM
2026-07-17
$33.00
5/20/2026, 11:12:15 PM
2026-08-21
$25.00
5/20/2026, 11:12:15 PM
2026-11-20
$35.00
5/20/2026, 11:12:15 PM
Selected expiration: 2026-06-18 at max pain $34.00.
EWTX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
23
0
1103100
1103100
25
800
840500
841300
26
1400
709300
710700
27
2000
578200
580200
28
2700
447300
450000
30
4100
285500
289600
31
5600
209400
215000
32
7400
139000
146400
33
11800
72100
83900
34
30800
9800
40600
35
56000
4500
60500
36
182800
3300
186100
37
313600
2200
315800
38
446500
1100
447600
39
584000
0
584000
40
723000
0
723000
41
913700
0
913700
42
1153700
0
1153700
43
1395400
0
1395400
45
1879600
0
1879600
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.