This page reflects EXPO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — EXPO
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (2.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$4.05
±7.1%
Days to Expiry
28
Calendar days
Total Call OI
2,696
Nearest expiry
Total Put OI
44
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$57.06
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
$65.00
4/17/2026, 11:10:50 PM
2026-05-15
$55.00
5/15/2026, 11:14:10 PM
2026-06-18NextUpdated
$55.00
5/21/2026, 11:11:25 PM
2026-09-18
$55.00
5/21/2026, 11:11:25 PM
2026-12-18
$50.00
5/21/2026, 11:11:25 PM
Selected expiration: 2026-06-18 at max pain $55.00.
EXPO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
142000
142000
40
0
120000
120000
45
5000
98000
103000
50
25000
76000
101000
55
46000
54500
100500
60
69000
36500
105500
65
728500
19500
748000
70
2031000
7500
2038500
75
3347000
0
3347000
80
4687000
0
4687000
85
6027000
0
6027000
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.