This page reflects KD 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 — KD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $14.00 (1.87 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$1.60
±13.2%
Days to Expiry
29
Calendar days
Total Call OI
8,769
Nearest expiry
Total Put OI
9,978
Nearest expiry
P/C OI Ratio
1.14
Put-heavy
Spot Price
$12.13
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
$12.00
4/17/2026, 11:16:53 PM
2026-05-15
$14.00
5/15/2026, 11:20:33 PM
2026-06-18NextUpdated
$14.00
5/20/2026, 11:17:46 PM
2026-07-17
$12.00
5/20/2026, 11:17:46 PM
2026-09-18
$11.00
5/20/2026, 11:17:46 PM
2026-12-18
$11.00
5/20/2026, 11:17:46 PM
2027-01-15
$15.00
5/20/2026, 11:17:46 PM
Selected expiration: 2026-06-18 at max pain $14.00.
KD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
11254900
11254900
5
31600
7266100
7297700
6
39500
6268900
6308400
7
47400
5273400
5320800
8
55300
4280000
4335300
9
63500
3313100
3376600
10
80700
2380600
2461300
11
136700
1513700
1650400
12
236600
737900
974500
13
442000
358300
800300
14
770500
23700
794200
15
1188900
12100
1201000
16
1656500
6800
1663300
17
2174300
5600
2179900
18
2713600
4600
2718200
19
3345800
3800
3349600
20
3985000
3000
3988000
21
4668200
2200
4670400
22
5360100
2000
5362100
23
6067800
1800
6069600
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.