This page reflects KTB 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 — KTB
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (0.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$7.05
±10.8%
Days to Expiry
29
Calendar days
Total Call OI
403
Nearest expiry
Total Put OI
207
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$65.09
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
$65.00
4/17/2026, 11:18:57 PM
2026-05-15
$65.00
5/15/2026, 11:24:00 PM
2026-06-18NextUpdated
$65.00
5/20/2026, 11:21:48 PM
2026-07-17
$45.00
5/20/2026, 11:21:48 PM
2026-09-18
$50.00
5/20/2026, 11:21:48 PM
2026-12-18
$60.00
5/20/2026, 11:21:48 PM
Selected expiration: 2026-06-18 at max pain $65.00.
KTB pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
351500
351500
40
0
270500
270500
45
0
189500
189500
50
500
116500
117000
55
5500
78000
83500
60
12500
48500
61000
65
27000
27500
54500
70
71500
13500
85000
75
196000
1000
197000
80
356500
500
357000
85
536500
0
536500
90
729000
0
729000
95
926500
0
926500
100
1127500
0
1127500
105
1328500
0
1328500
110
1529500
0
1529500
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.