This page reflects KKR 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 — KKR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $97.00 (2.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$97.00
Nearest expiry
Expected Move
±$2.88
±3.0%
Days to Expiry
2
Calendar days
Total Call OI
1,906
Nearest expiry
Total Put OI
3,025
Nearest expiry
P/C OI Ratio
1.59
Put-heavy
Spot Price
$94.34
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
$103.00
5/8/2026, 11:17:19 PM
2026-05-15
$100.00
5/15/2026, 11:22:29 PM
2026-05-22NextUpdated
$97.00
5/20/2026, 11:20:35 PM
2026-05-29
$99.00
5/20/2026, 11:20:35 PM
2026-06-05
$98.00
5/20/2026, 11:20:35 PM
2026-06-12
$97.00
5/20/2026, 11:20:35 PM
2026-06-18
$110.00
5/20/2026, 11:20:35 PM
2026-06-26
$95.00
5/20/2026, 11:20:35 PM
2026-07-17
$100.00
5/20/2026, 11:20:35 PM
2026-08-21
$97.50
5/20/2026, 11:20:35 PM
2026-09-18
$110.00
5/20/2026, 11:20:35 PM
2026-12-18
$120.00
5/20/2026, 11:20:35 PM
2027-01-15
$110.00
5/20/2026, 11:20:35 PM
2027-03-19
$87.50
5/20/2026, 11:20:35 PM
Selected expiration: 2026-05-22 at max pain $97.00.
KKR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
8613800
8613800
70
0
7104300
7104300
75
0
5595300
5595300
78
0
4692300
4692300
79
0
4391700
4391700
80
0
4091300
4091300
81
0
3791100
3791100
82
0
3491200
3491200
83
300
3191600
3191900
84
600
2893500
2894100
85
900
2596100
2597000
86
2000
2311000
2313000
87
3100
2030600
2033700
88
4200
1773400
1777600
89
5300
1517100
1522400
90
6400
1263500
1269900
91
7500
1060400
1067900
92
9300
882000
891300
93
11800
707400
719200
94
14900
535600
550500
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.