This page reflects LC 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 — LC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $16.00 (0.12 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$1.68
±10.6%
Days to Expiry
29
Calendar days
Total Call OI
866
Nearest expiry
Total Put OI
464
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$15.88
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
$15.00
4/17/2026, 11:19:20 PM
2026-05-15
$17.00
5/15/2026, 11:24:48 PM
2026-06-18NextUpdated
$16.00
5/20/2026, 11:18:39 PM
2026-07-17
$16.00
5/20/2026, 11:18:39 PM
2026-08-21
$17.00
5/20/2026, 11:18:39 PM
2026-10-16
$1.00
5/20/2026, 11:18:39 PM
2026-11-20
$17.00
5/20/2026, 11:18:39 PM
2027-01-15
$15.00
5/20/2026, 11:18:39 PM
Selected expiration: 2026-06-18 at max pain $16.00.
LC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
286800
286800
10
800
240400
241200
11
2900
194000
196900
12
5000
147700
152700
13
7100
101500
108600
14
9300
60700
70000
15
11900
26800
38700
16
16800
8700
25500
17
30100
2700
32800
18
52900
800
53700
19
87300
0
87300
20
134900
0
134900
21
209400
0
209400
22
286300
0
286300
23
369800
0
369800
24
455800
0
455800
25
541900
0
541900
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.