This page reflects ING 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 — ING
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $29.00 (1.66 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
±$1.93
±6.3%
Days to Expiry
28
Calendar days
Total Call OI
2,641
Nearest expiry
Total Put OI
3,129
Nearest expiry
P/C OI Ratio
1.18
Put-heavy
Spot Price
$30.66
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
5/21/2026, 11:15:16 PM
2026-07-17
$27.00
5/21/2026, 11:15:16 PM
2026-10-16
$28.00
5/21/2026, 11:15:16 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
3907500
3907500
15
0
3285500
3285500
18
0
2450900
2450900
19
0
2183700
2183700
20
0
1919400
1919400
21
100
1660500
1660600
22
400
1401600
1402000
23
700
1152200
1152900
24
1600
908300
909900
25
2500
677600
680100
26
3600
482300
485900
27
6400
302300
308700
28
23600
176500
200100
29
64200
86500
150700
30
151700
35900
187600
31
280700
17300
298000
32
430200
5800
436000
33
589500
2500
592000
34
800000
0
800000
35
1018700
0
1018700
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.