This page reflects METC 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 — METC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $16.00 (2.80 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
±$2.33
±17.6%
Days to Expiry
29
Calendar days
Total Call OI
32,882
Nearest expiry
Total Put OI
5,300
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$13.20
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, 11:20:51 PM
2026-05-15
$15.00
5/15/2026, 11:24:56 PM
2026-06-18NextUpdated
$16.00
5/20/2026, 11:22:13 PM
2026-07-17
$15.00
5/20/2026, 11:22:13 PM
2026-09-18
$17.00
5/20/2026, 11:22:13 PM
2026-12-18
$14.00
5/20/2026, 11:22:13 PM
2027-01-15
$30.00
5/20/2026, 11:22:13 PM
Selected expiration: 2026-06-18 at max pain $16.00.
METC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
8593700
8593700
3
27600
7533700
7561300
6
69300
5943700
6013000
7
83300
5413800
5497100
8
97500
4883900
4981400
9
111900
4356200
4468100
10
126300
3829900
3956200
11
166300
3350600
3516900
12
207900
2894600
3102500
13
253300
2489000
2742300
14
305500
2207100
2512600
15
392800
1957200
2350000
16
575800
1747900
2323700
17
992100
1561800
2553900
18
1761200
1417200
3178400
19
2762000
1299100
4061100
20
3894300
1188700
5083000
21
6668100
1109600
7777700
22
9483400
1035000
10518400
23
12369300
966600
13335900
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.