This page reflects JACK 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 — JACK
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.50 (1.15 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$2.85
±25.1%
Days to Expiry
28
Calendar days
Total Call OI
3,433
Nearest expiry
Total Put OI
2,284
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$11.35
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
$10.00
4/17/2026, 11:16:58 PM
2026-05-15
$10.00
5/15/2026, 11:20:38 PM
2026-06-18NextUpdated
$12.50
5/21/2026, 11:19:31 PM
2026-09-18
$15.00
5/21/2026, 11:19:31 PM
2026-12-18
$10.00
5/21/2026, 11:19:31 PM
2027-01-15
$12.50
5/21/2026, 11:19:31 PM
Selected expiration: 2026-06-18 at max pain $12.50.
JACK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2264250
2264250
5
250
1693250
1693500
7.5
3500
1142500
1146000
10
10750
683750
694500
12.5
49250
415250
464500
15
317750
230000
547750
17.5
766000
106250
872250
20
1266750
17500
1284250
22.5
1949750
10000
1959750
25
2672250
4750
2677000
27.5
3403250
500
3403750
30
4142750
250
4143000
32.5
4953750
0
4953750
35
5774000
0
5774000
37.5
6632250
0
6632250
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.