This page reflects JACK 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 — JACK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.50 (1.33 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
±$2.08
±18.6%
Days to Expiry
29
Calendar days
Total Call OI
3,262
Nearest expiry
Total Put OI
2,194
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$11.17
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
5/20/2026, 11:19:56 PM
2026-09-18
$15.00
5/20/2026, 11:19:56 PM
2026-12-18
$10.00
5/20/2026, 11:19:56 PM
2027-01-15
$12.50
5/20/2026, 11:19:56 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
2234750
2234750
5
250
1686250
1686500
7.5
3500
1137750
1141250
10
10750
681250
692000
12.5
49250
414750
464000
15
284250
229750
514000
17.5
699250
106250
805500
20
1166750
17500
1184250
22.5
1807000
10000
1817000
25
2486750
4750
2491500
27.5
3175000
500
3175500
30
3871750
250
3872000
32.5
4640000
0
4640000
35
5417500
0
5417500
37.5
6233000
0
6233000
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.