This page reflects GEN 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 — GEN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $22.00 (3.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$1.12
±4.5%
Days to Expiry
29
Calendar days
Total Call OI
3,628
Nearest expiry
Total Put OI
931
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$25.00
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
$20.00
4/17/2026, 11:12:29 PM
2026-05-15
$20.00
5/15/2026, 11:15:41 PM
2026-06-18NextUpdated
$22.00
5/20/2026, 11:12:42 PM
2026-07-17
$20.00
5/20/2026, 11:12:42 PM
2026-10-16
$21.00
5/20/2026, 11:12:42 PM
2026-12-18
$20.00
5/20/2026, 11:12:42 PM
Selected expiration: 2026-06-18 at max pain $22.00.
GEN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
1103000
1103000
14
0
730600
730600
15
0
637800
637800
16
0
545100
545100
17
100
453600
453700
18
300
362500
362800
19
500
278400
278900
20
2700
200900
203600
21
9800
125100
134900
22
50600
50700
101300
23
125600
6500
132100
24
433600
0
433600
25
758200
0
758200
26
1103200
0
1103200
27
1455900
0
1455900
28
1815100
0
1815100
29
2176800
0
2176800
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.