This page reflects KGC 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 — KGC
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $30.00 (1.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.03
±3.6%
Days to Expiry
2
Calendar days
Total Call OI
1,912
Nearest expiry
Total Put OI
1,496
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$28.62
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$30.50
5/8/2026, 11:19:06 PM
2026-05-15
$30.00
5/15/2026, 11:21:59 PM
2026-05-22NextUpdated
$30.00
5/20/2026, 11:19:50 PM
2026-05-29
$30.00
5/20/2026, 11:19:50 PM
2026-06-05
$30.00
5/20/2026, 11:19:50 PM
2026-06-12
$31.00
5/20/2026, 11:19:50 PM
2026-06-18
$30.00
5/20/2026, 11:19:50 PM
2026-06-26
$30.00
5/20/2026, 11:19:50 PM
2026-07-17
$30.00
5/20/2026, 11:19:50 PM
2026-08-21
$32.00
5/20/2026, 11:19:50 PM
2026-11-20
$28.00
5/20/2026, 11:19:50 PM
2027-01-15
$22.00
5/20/2026, 11:19:50 PM
Selected expiration: 2026-05-22 at max pain $30.00.
KGC pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
1476150
1476150
21
0
1176950
1176950
22
400
1027350
1027750
23
1800
878750
880550
24
4300
730150
734450
25
6900
585650
592550
25.5
8750
516950
525700
26
10600
448850
459450
26.5
14700
383600
398300
27
18800
319650
338450
27.5
23150
262650
285800
28
30250
208350
238600
28.5
45800
165650
211450
29
62200
130700
192900
29.5
84800
101900
186700
30
109900
75050
184950
30.5
147400
56000
203400
31
190100
38150
228250
31.5
244050
28950
273000
32
301850
23000
324850
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.