Arcelor Mittal NY Registry SharClose $63.16EOD only
Max Pain
$62.00
Next expiry May 22, 2026
Expected Move
±$2.70
4.3% from close
Price Gap
-1.16
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.66
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects MT 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 — MT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $62.00 (1.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.00
Nearest expiry
Expected Move
±$2.70
±4.3%
Days to Expiry
2
Calendar days
Total Call OI
132
Nearest expiry
Total Put OI
157
Nearest expiry
P/C OI Ratio
1.19
Put-heavy
Spot Price
$63.16
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
$56.00
5/8/2026, 11:22:43 PM
2026-05-15
$59.00
5/15/2026, 11:24:45 PM
2026-05-22NextUpdated
$62.00
5/20/2026, 11:22:03 PM
2026-05-29
$62.00
5/20/2026, 11:22:03 PM
2026-06-05
$61.00
5/20/2026, 11:22:03 PM
2026-06-12
$60.00
5/20/2026, 11:22:03 PM
2026-06-18
$55.00
5/20/2026, 11:22:03 PM
2026-06-26
$61.00
5/20/2026, 11:22:03 PM
2026-07-17
$60.00
5/20/2026, 11:22:03 PM
2026-09-18
$60.00
5/20/2026, 11:22:03 PM
2026-12-18
$50.00
5/20/2026, 11:22:03 PM
2027-01-15
$37.00
5/20/2026, 11:22:03 PM
Selected expiration: 2026-05-22 at max pain $62.00.
MT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
46
0
170600
170600
47
0
155100
155100
48
0
139800
139800
49
0
124700
124700
50
0
109800
109800
51
0
95300
95300
52
0
80900
80900
53
0
66700
66700
54
0
52700
52700
55
0
39600
39600
56
0
29900
29900
57
0
20300
20300
58
100
12700
12800
59
200
7400
7600
60
500
5000
5500
61
1100
2900
4000
62
2000
1300
3300
63
4500
0
4500
64
9400
0
9400
65
14600
0
14600
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.