This page reflects MUR 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 — MUR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $35.00 (3.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$4.53
±11.6%
Days to Expiry
29
Calendar days
Total Call OI
4,464
Nearest expiry
Total Put OI
1,168
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$38.98
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
$35.00
4/17/2026, 11:20:06 PM
2026-05-15
$32.50
5/15/2026, 11:24:11 PM
2026-06-18NextUpdated
$35.00
5/20/2026, 11:25:11 PM
2026-07-17
$37.50
5/20/2026, 11:25:11 PM
2026-10-16
$35.00
5/20/2026, 11:25:11 PM
2027-01-15
$25.00
5/20/2026, 11:25:11 PM
Selected expiration: 2026-06-18 at max pain $35.00.
MUR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2023750
2023750
17.5
0
1741750
1741750
20
0
1462750
1462750
22.5
0
1186250
1186250
25
250
920750
921000
27.5
500
655250
655750
30
750
464500
465250
32.5
1000
317250
318250
35
67500
195500
263000
37.5
216000
93750
309750
40
443500
31750
475250
42.5
809750
3750
813500
45
1231750
2750
1234500
47.5
2242500
1750
2244250
50
3290000
750
3290750
52.5
4402500
0
4402500
60
7740750
0
7740750
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.