This page reflects KBH 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 — KBH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $50.00 (2.95 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$4.83
±10.3%
Days to Expiry
29
Calendar days
Total Call OI
3,578
Nearest expiry
Total Put OI
1,884
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$47.05
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
$55.00
4/17/2026, 11:18:03 PM
2026-05-15
$50.00
5/15/2026, 11:21:30 PM
2026-06-18NextUpdated
$50.00
5/20/2026, 11:18:01 PM
2026-07-17
$55.00
5/20/2026, 11:18:01 PM
2026-09-18
$50.00
5/20/2026, 11:18:01 PM
2026-10-16
$50.00
5/20/2026, 11:18:01 PM
2026-12-18
$60.00
5/20/2026, 11:18:01 PM
2027-01-15
$55.00
5/20/2026, 11:18:01 PM
2027-03-19
$55.00
5/20/2026, 11:18:01 PM
Selected expiration: 2026-06-18 at max pain $50.00.
KBH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
3092500
3092500
35
1000
2154000
2155000
40
2000
1266500
1268500
45
13500
527500
541000
50
69000
149000
218000
55
383000
5000
388000
60
864000
1000
865000
65
1942500
0
1942500
70
3638500
0
3638500
75
5387000
0
5387000
80
7164500
0
7164500
85
8953500
0
8953500
90
10742500
0
10742500
95
12531500
0
12531500
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.