Jefferies Financial Group Inc.Close $51.60EOD only
Max Pain
$47.50
Next expiry Jun 18, 2026
Expected Move
±$4.62
9.0% from close
Price Gap
-4.10
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.59
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects JEF 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 — JEF
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $47.50 (4.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$4.62
±9.0%
Days to Expiry
29
Calendar days
Total Call OI
20,940
Nearest expiry
Total Put OI
6,922
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$51.60
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
$42.50
4/17/2026, 11:16:14 PM
2026-05-15
$42.50
5/15/2026, 11:19:18 PM
2026-06-18NextUpdated
$47.50
5/20/2026, 11:18:17 PM
2026-07-17
$47.50
5/20/2026, 11:18:17 PM
2026-09-18
$42.50
5/20/2026, 11:18:17 PM
2026-12-18
$47.50
5/20/2026, 11:18:17 PM
2027-01-15
$55.00
5/20/2026, 11:18:17 PM
Selected expiration: 2026-06-18 at max pain $47.50.
JEF pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
14183500
14183500
22.5
0
12515750
12515750
25
0
10897000
10897000
27.5
0
9376500
9376500
30
0
7880500
7880500
32.5
4750
6455500
6460250
35
9750
5130250
5140000
37.5
15000
3932250
3947250
40
20250
2833000
2853250
42.5
49500
1917250
1966750
45
143750
1203250
1347000
47.5
284250
863750
1148000
50
579500
572250
1151750
52.5
1014000
348500
1362500
55
1629500
212500
1842000
57.5
4308250
107500
4415750
60
7177500
21250
7198750
62.5
10323250
12000
10335250
65
13507250
2750
13510000
67.5
18690750
0
18690750
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.