This page reflects MIRM 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 — MIRM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (3.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$9.50
±9.8%
Days to Expiry
29
Calendar days
Total Call OI
1,025
Nearest expiry
Total Put OI
162
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$96.95
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
$90.00
4/17/2026, 11:21:10 PM
2026-05-15
$95.00
5/15/2026, 11:22:37 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:19:46 PM
2026-07-17
$60.00
5/20/2026, 11:19:46 PM
2026-10-16
$100.00
5/20/2026, 11:19:46 PM
2026-12-18
$75.00
5/20/2026, 11:19:46 PM
2027-01-15
$100.00
5/20/2026, 11:19:46 PM
2027-03-19
$80.00
5/20/2026, 11:19:46 PM
Selected expiration: 2026-06-18 at max pain $100.00.
MIRM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
593000
593000
60
0
512500
512500
75
0
274000
274000
80
0
196000
196000
85
0
119500
119500
90
0
75000
75000
95
3500
30500
34000
100
16000
4000
20000
105
432000
1000
433000
110
859000
0
859000
115
1288500
0
1288500
120
1741000
0
1741000
130
2749000
0
2749000
140
3770000
0
3770000
150
4795000
0
4795000
155
5307500
0
5307500
160
5820000
0
5820000
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.