Joint Stock Company Kaspi.kz - Close $89.68EOD only
Max Pain
$75.00
Next expiry Jun 18, 2026
Expected Move
±$6.10
6.8% from close
Price Gap
-14.68
Distance to max pain
IV Rank
0
Low premium
P/C OI
1.43
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 19, 2026 close
End-of-day snapshot
This page reflects KSPI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — KSPI
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $75.00 (14.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$6.10
±6.8%
Days to Expiry
30
Calendar days
Total Call OI
3,021
Nearest expiry
Total Put OI
2,811
Nearest expiry
P/C OI Ratio
0.93
Put-heavy
Spot Price
$89.68
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
$80.00
4/17/2026, 11:21:26 PM
2026-05-15
$85.00
5/15/2026, 11:22:34 PM
2026-06-18NextUpdated
$75.00
5/19/2026, 11:20:01 PM
2026-09-18
$75.00
5/19/2026, 11:20:01 PM
2026-12-18
$90.00
5/19/2026, 11:20:01 PM
Selected expiration: 2026-06-18 at max pain $75.00.
KSPI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
9517000
9517000
45
500
8111500
8112000
50
1000
6706000
6707000
55
5500
5302000
5307500
60
10000
3923500
3933500
65
18000
2568500
2586500
70
226500
1426500
1653000
75
666000
779000
1445000
80
1150500
300500
1451000
85
1813500
35500
1849000
90
2708500
9000
2717500
95
3732500
5500
3738000
100
4901000
2500
4903500
105
6382500
1000
6383500
110
7876000
0
7876000
115
9379000
0
9379000
120
10883500
0
10883500
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.