This page reflects FROG 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 — FROG
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $57.50 (13.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$57.50
Nearest expiry
Expected Move
±$9.65
±13.5%
Days to Expiry
28
Calendar days
Total Call OI
8,873
Nearest expiry
Total Put OI
4,586
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$71.44
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
$42.50
4/17/2026, 11:12:24 PM
2026-05-15
$50.00
5/15/2026, 11:15:01 PM
2026-06-18NextUpdated
$57.50
5/21/2026, 11:12:42 PM
2026-07-17
$65.00
5/21/2026, 11:12:42 PM
2026-09-18
$70.00
5/21/2026, 11:12:42 PM
2026-12-18
$45.00
5/21/2026, 11:12:42 PM
2027-01-15
$42.50
5/21/2026, 11:12:42 PM
Selected expiration: 2026-06-18 at max pain $57.50.
FROG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
15101250
15101250
25
0
12808250
12808250
27.5
0
11666500
11666500
30
0
10525750
10525750
32.5
2500
9405750
9408250
35
5500
8361000
8366500
37.5
10250
7329250
7339500
40
45500
6314250
6359750
42.5
82500
5317000
5399500
45
135750
4330250
4466000
47.5
230250
3366750
3597000
50
353750
2463000
2816750
52.5
552000
1576500
2128500
55
774500
1010000
1784500
57.5
1052000
476750
1528750
60
1359000
327250
1686250
62.5
1710750
212250
1923000
65
2093500
108250
2201750
67.5
2614500
40250
2654750
70
3353500
7000
3360500
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.