This page reflects KHC 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 — KHC
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $23.50 (0.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.50
Nearest expiry
Expected Move
±$0.46
±1.9%
Days to Expiry
2
Calendar days
Total Call OI
33,052
Nearest expiry
Total Put OI
4,106
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$23.53
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
$22.50
5/8/2026, 11:17:56 PM
2026-05-15
$22.50
5/15/2026, 11:19:35 PM
2026-05-22NextUpdated
$23.50
5/20/2026, 11:18:19 PM
2026-05-29
$23.00
5/20/2026, 11:18:19 PM
2026-06-05
$23.00
5/20/2026, 11:18:19 PM
2026-06-12
$23.00
5/20/2026, 11:18:19 PM
2026-06-18
$25.00
5/20/2026, 11:18:19 PM
2026-06-26
$23.50
5/20/2026, 11:18:19 PM
2026-07-17
$22.50
5/20/2026, 11:18:19 PM
2026-09-18
$25.00
5/20/2026, 11:18:19 PM
2026-10-16
$22.50
5/20/2026, 11:18:19 PM
2026-12-18
$25.00
5/20/2026, 11:18:19 PM
2027-01-15
$25.00
5/20/2026, 11:18:19 PM
2027-03-19
$25.00
5/20/2026, 11:18:19 PM
Selected expiration: 2026-05-22 at max pain $23.50.
KHC pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
3094400
3094400
17.5
1250
2075650
2076900
18
1500
1871900
1873400
18.5
1750
1668200
1669950
19
2000
1464750
1466750
20
2500
1058250
1060750
20.5
3250
859450
862700
21
4000
662000
666000
21.5
5000
481500
486500
22
6150
308350
314500
22.5
11400
173550
184950
23
21050
79800
100850
23.5
70600
25550
96150
24
878400
11000
889400
24.5
2439700
250
2439950
25
4048400
0
4048400
25.5
5683100
0
5683100
26
7326000
0
7326000
26.5
8977300
0
8977300
27.5
12281100
0
12281100
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.