Kratos Defense & Security SolutClose $55.82EOD only
Max Pain
$55.00
Next expiry May 22, 2026
Expected Move
±$2.62
4.7% from close
Price Gap
-0.82
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.65
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects KTOS 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 — KTOS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $55.00 (0.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$2.62
±4.7%
Days to Expiry
2
Calendar days
Total Call OI
7,302
Nearest expiry
Total Put OI
4,680
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$55.82
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
$60.00
5/8/2026, 11:16:34 PM
2026-05-15
$56.00
5/15/2026, 11:20:09 PM
2026-05-22NextUpdated
$55.00
5/20/2026, 11:19:01 PM
2026-05-29
$58.00
5/20/2026, 11:19:01 PM
2026-06-05
$60.00
5/20/2026, 11:19:01 PM
2026-06-12
$63.00
5/20/2026, 11:19:01 PM
2026-06-18
$60.00
5/20/2026, 11:19:01 PM
2026-06-26
$57.00
5/20/2026, 11:19:01 PM
2026-07-17
$55.00
5/20/2026, 11:19:01 PM
2026-08-21
$70.00
5/20/2026, 11:19:01 PM
2026-11-20
$60.00
5/20/2026, 11:19:01 PM
2027-01-15
$60.00
5/20/2026, 11:19:01 PM
Selected expiration: 2026-05-22 at max pain $55.00.
KTOS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
44
0
4233200
4233200
44.5
0
3999500
3999500
45
1700
3765850
3767550
45.5
3400
3532900
3536300
46
6750
3301550
3308300
46.5
10100
3070300
3080400
47
13450
2840200
2853650
47.5
16800
2611900
2628700
48
20150
2384950
2405100
48.5
23950
2163950
2187900
49
27750
1944550
1972300
49.5
31600
1730950
1762550
50
35450
1523600
1559050
51
43450
1234300
1277750
52
69250
1015500
1084750
53
100350
826800
927150
54
139650
657600
797250
55
188250
499800
688050
56
345550
410300
755850
57
542150
330200
872350
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.