This page reflects ING 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 — ING
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $29.00 (1.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$29.00
Nearest expiry
Expected Move
±$2.05
±6.8%
Days to Expiry
29
Calendar days
Total Call OI
2,653
Nearest expiry
Total Put OI
3,232
Nearest expiry
P/C OI Ratio
1.22
Put-heavy
Spot Price
$30.36
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
$30.00
4/17/2026, 11:14:55 PM
2026-05-15
$28.00
5/15/2026, 11:20:34 PM
2026-06-18NextUpdated
$29.00
5/20/2026, 11:16:07 PM
2026-07-17
$27.00
5/20/2026, 11:16:07 PM
2026-10-16
$28.00
5/20/2026, 11:16:07 PM
Selected expiration: 2026-06-18 at max pain $29.00.
ING pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
4072300
4072300
15
0
3429700
3429700
18
0
2564200
2564200
19
0
2286700
2286700
20
0
2012100
2012100
21
100
1742900
1743000
22
400
1473700
1474100
23
700
1214000
1214700
24
1600
959800
961400
25
2500
718800
721300
26
3600
513200
516800
27
6400
322900
329300
28
23600
186800
210400
29
64200
86500
150700
30
151700
35900
187600
31
280700
17300
298000
32
431400
5800
437200
33
591900
2500
594400
34
803600
0
803600
35
1023500
0
1023500
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.