This page reflects JHX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — JHX
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $20.00 (1.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.60
±14.0%
Days to Expiry
30
Calendar days
Total Call OI
20,601
Nearest expiry
Total Put OI
2,368
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$18.62
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
$20.00
4/17/2026, 11:16:36 PM
2026-05-15
$20.00
5/15/2026, 11:21:26 PM
2026-06-18NextUpdated
$20.00
5/19/2026, 11:17:49 PM
2026-09-18
$20.00
5/19/2026, 11:17:49 PM
2026-12-18
$20.00
5/19/2026, 11:17:49 PM
2027-01-15
$20.00
5/19/2026, 11:17:49 PM
Selected expiration: 2026-06-18 at max pain $20.00.
JHX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
7.5
0
2730250
2730250
10
500
2139750
2140250
12.5
1250
1549500
1550750
15
2000
965250
967250
17.5
2750
443250
446000
20
14500
164500
179000
22.5
344750
3000
347750
25
4182750
250
4183000
27.5
8553750
0
8553750
30
12981750
0
12981750
32.5
17409750
0
17409750
35
22560000
0
22560000
37.5
27710250
0
27710250
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.