This page reflects INFQ 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 — INFQ
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $15.00 (3.82 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$2.60
±23.3%
Days to Expiry
29
Calendar days
Total Call OI
18,972
Nearest expiry
Total Put OI
12,916
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$11.18
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
$12.50
4/17/2026, 11:16:53 PM
2026-05-15
$15.00
5/15/2026, 11:21:25 PM
2026-06-18NextUpdated
$15.00
5/20/2026, 11:14:43 PM
2026-07-17
$12.50
5/20/2026, 11:14:43 PM
2026-10-16
$10.00
5/20/2026, 11:14:43 PM
2027-01-15
$12.50
5/20/2026, 11:14:43 PM
Selected expiration: 2026-06-18 at max pain $15.00.
INFQ pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
13099250
13099250
5
250
9870250
9870500
7.5
500
6642750
6643250
10
27500
3458750
3486250
12.5
274000
1758250
2032250
15
1234000
689000
1923000
17.5
3694750
260000
3954750
20
6982750
5000
6987750
22.5
11289250
2500
11291750
25
15712250
0
15712250
30
24867250
0
24867250
35
34313750
0
34313750
40
43798250
0
43798250
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.