This page reflects EXE 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 — EXE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (3.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$7.15
±7.2%
Days to Expiry
29
Calendar days
Total Call OI
5,778
Nearest expiry
Total Put OI
40,780
Nearest expiry
P/C OI Ratio
7.06
Put-heavy
Spot Price
$98.85
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
$105.00
4/17/2026, 11:11:51 PM
2026-05-15
$95.00
5/15/2026, 11:15:41 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:12:03 PM
2026-07-17
$100.00
5/20/2026, 11:12:03 PM
2026-09-18
$110.00
5/20/2026, 11:12:03 PM
2026-10-16
$100.00
5/20/2026, 11:12:03 PM
2027-01-15
$100.00
5/20/2026, 11:12:03 PM
Selected expiration: 2026-06-18 at max pain $95.00.
EXE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
74966000
74966000
75
0
54588000
54588000
80
1000
34275000
34276000
85
2500
14000500
14003000
90
11500
1616500
1628000
95
23000
413500
436500
100
400500
71000
471500
105
1640000
24500
1664500
110
3918500
10500
3929000
115
6477500
0
6477500
120
9220500
0
9220500
125
12108000
0
12108000
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.