This page reflects KBR 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 — KBR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $35.00 (2.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.85
±8.8%
Days to Expiry
29
Calendar days
Total Call OI
2,190
Nearest expiry
Total Put OI
1,275
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$32.33
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
$37.50
4/17/2026, 11:18:45 PM
2026-05-15
$37.50
5/15/2026, 11:19:32 PM
2026-06-18NextUpdated
$35.00
5/20/2026, 11:20:15 PM
2026-07-17
$30.00
5/20/2026, 11:20:15 PM
2026-09-18
$40.00
5/20/2026, 11:20:15 PM
2026-12-18
$35.00
5/20/2026, 11:20:15 PM
2027-01-15
$37.50
5/20/2026, 11:20:15 PM
Selected expiration: 2026-06-18 at max pain $35.00.
KBR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
1135250
1135250
25
250
816750
817000
27.5
750
522500
523250
30
1250
323750
325000
32.5
4000
209250
213250
35
59500
135000
194500
37.5
355500
77500
433000
40
684250
42250
726500
42.5
1065250
14750
1080000
45
1469000
2000
1471000
47.5
1914250
1500
1915750
50
2359500
1000
2360500
52.5
2849000
500
2849500
55
3348250
0
3348250
60
4383750
0
4383750
65
5433750
0
5433750
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.