This page reflects KEX 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 — KEX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $130.00 (18.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$9.45
±6.4%
Days to Expiry
29
Calendar days
Total Call OI
515
Nearest expiry
Total Put OI
195
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$148.69
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
$125.00
4/17/2026, 11:21:04 PM
2026-05-15
$140.00
5/15/2026, 11:19:34 PM
2026-06-18NextUpdated
$130.00
5/20/2026, 11:21:09 PM
2026-09-18
$110.00
5/20/2026, 11:21:09 PM
2026-12-18
$125.00
5/20/2026, 11:21:09 PM
Selected expiration: 2026-06-18 at max pain $130.00.
KEX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
847500
847500
90
0
752000
752000
95
500
656500
657000
100
1000
561500
562500
105
1500
466500
468000
110
2500
371500
374000
115
3500
277000
280500
120
4500
182500
187000
125
5500
91500
97000
130
6500
10000
16500
135
82000
4500
86500
140
181500
1000
182500
145
329000
500
329500
150
480000
0
480000
155
656000
0
656000
160
907000
0
907000
170
1419000
0
1419000
175
1676000
0
1676000
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.