This page reflects EXTR 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 — EXTR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $20.00 (3.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$3.15
±13.4%
Days to Expiry
29
Calendar days
Total Call OI
4,571
Nearest expiry
Total Put OI
2,313
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$23.48
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
$15.00
4/17/2026, 11:11:14 PM
2026-05-15
$20.00
5/15/2026, 11:15:39 PM
2026-06-18NextUpdated
$20.00
5/20/2026, 11:11:10 PM
2026-07-17
$25.00
5/20/2026, 11:11:10 PM
2026-09-18
$15.00
5/20/2026, 11:11:10 PM
2026-12-18
$16.00
5/20/2026, 11:11:10 PM
Selected expiration: 2026-06-18 at max pain $20.00.
EXTR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
2558800
2558800
10
0
2097000
2097000
11
100
1866100
1866200
12
400
1636200
1636600
13
1100
1408600
1409700
14
2100
1181100
1183200
15
3900
969900
973800
16
9800
762200
772000
17
17300
561100
578400
18
34900
373100
408000
19
97000
234000
331000
20
170500
95500
266000
21
268800
59800
328600
22
388700
28900
417600
23
518300
11400
529700
24
709100
1600
710700
25
918100
0
918100
26
1307500
0
1307500
27
1699300
0
1699300
28
2100600
0
2100600
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.