This page reflects EXR 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 — EXR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $140.00 (2.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$8.57
±6.0%
Days to Expiry
29
Calendar days
Total Call OI
1,010
Nearest expiry
Total Put OI
1,275
Nearest expiry
P/C OI Ratio
1.26
Put-heavy
Spot Price
$142.25
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
$140.00
4/17/2026, 11:10:52 PM
2026-05-15
$140.00
5/15/2026, 11:14:39 PM
2026-06-18NextUpdated
$140.00
5/20/2026, 11:13:54 PM
2026-09-18
$140.00
5/20/2026, 11:13:54 PM
2026-12-18
$140.00
5/20/2026, 11:13:54 PM
Selected expiration: 2026-06-18 at max pain $140.00.
EXR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
5449500
5449500
85
0
4818000
4818000
90
0
4189000
4189000
95
0
3560000
3560000
100
0
2933500
2933500
105
0
2310000
2310000
110
0
1686500
1686500
115
2000
1136500
1138500
120
5500
704500
710000
125
10500
307000
317500
130
17000
165500
182500
135
23500
51000
74500
140
39000
15000
54000
145
90000
2500
92500
150
299000
2000
301000
155
680500
1500
682000
160
1090500
1000
1091500
165
1517000
500
1517500
170
2009500
0
2009500
175
2508500
0
2508500
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.