This page reflects JOE 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 — JOE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $60.00 (4.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$4.88
±7.5%
Days to Expiry
29
Calendar days
Total Call OI
918
Nearest expiry
Total Put OI
601
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$64.97
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
$65.00
4/17/2026, 11:15:52 PM
2026-05-15
$60.00
5/15/2026, 11:22:00 PM
2026-06-18NextUpdated
$60.00
5/20/2026, 11:17:39 PM
2026-09-18
$50.00
5/20/2026, 11:17:39 PM
2026-12-18
$65.00
5/20/2026, 11:17:39 PM
Selected expiration: 2026-06-18 at max pain $60.00.
JOE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1434500
1434500
40
0
833500
833500
45
0
533500
533500
50
0
285000
285000
55
500
140500
141000
60
21000
33000
54000
65
143000
5000
148000
70
432000
0
432000
75
879500
0
879500
80
1338500
0
1338500
85
1797500
0
1797500
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.