This page reflects IESC 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 — IESC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $600.00 (55.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$600.00
Nearest expiry
Expected Move
±$99.00
±15.1%
Days to Expiry
29
Calendar days
Total Call OI
478
Nearest expiry
Total Put OI
219
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$655.88
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
$440.00
4/17/2026, 11:15:30 PM
2026-05-15
$550.00
5/15/2026, 11:19:15 PM
2026-06-18NextUpdated
$600.00
5/20/2026, 11:17:16 PM
2026-07-17
$450.00
5/20/2026, 11:17:16 PM
2026-09-18
$410.00
5/20/2026, 11:17:16 PM
2026-10-16
$600.00
5/20/2026, 11:17:16 PM
2026-12-18
$420.00
5/20/2026, 11:17:16 PM
2027-01-15
$460.00
5/20/2026, 11:17:16 PM
Selected expiration: 2026-06-18 at max pain $600.00.
IESC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
330
0
5033000
5033000
360
3000
4376000
4379000
400
15000
3500000
3515000
420
21000
3072000
3093000
450
45000
2430000
2475000
470
65000
2008000
2073000
480
75000
1820000
1895000
490
86000
1643000
1729000
500
97000
1470000
1567000
510
114000
1312000
1426000
520
141000
1158000
1299000
530
179000
1012000
1191000
540
217000
869000
1086000
550
255000
731000
986000
560
298000
604000
902000
570
344000
480000
824000
580
392000
356000
748000
590
450000
255000
705000
600
509000
164000
673000
610
584000
136000
720000
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.