This page reflects INSW 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 — INSW
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $75.00 (11.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$12.60
±14.5%
Days to Expiry
29
Calendar days
Total Call OI
5,643
Nearest expiry
Total Put OI
1,262
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$86.67
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
$75.00
4/17/2026, 11:20:29 PM
2026-05-15
$75.00
5/15/2026, 11:19:26 PM
2026-06-18NextUpdated
$75.00
5/20/2026, 11:19:28 PM
2026-07-17
$85.00
5/20/2026, 11:19:28 PM
2026-09-18
$100.00
5/20/2026, 11:19:28 PM
2026-12-18
$85.00
5/20/2026, 11:19:28 PM
Selected expiration: 2026-06-18 at max pain $75.00.
INSW pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
3668000
3668000
40
0
3167000
3167000
45
0
2679500
2679500
50
0
2204500
2204500
55
500
1798000
1798500
60
16500
1393500
1410000
65
69000
1009500
1078500
70
131000
639500
770500
75
204000
301000
505000
80
352000
186500
538500
85
550000
99500
649500
90
2133000
40500
2173500
95
4262500
7000
4269500
100
6905500
2500
6908000
105
9720000
0
9720000
110
12536000
0
12536000
115
15356000
0
15356000
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.