This page reflects OCUL 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 — OCUL
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $8.50 (0.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.50
Nearest expiry
Expected Move
±$1.08
±13.4%
Days to Expiry
2
Calendar days
Total Call OI
826
Nearest expiry
Total Put OI
488
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$8.03
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
$3.00
5/8/2026, 11:24:10 PM
2026-05-15
$7.00
5/15/2026, 11:28:25 PM
2026-05-22NextUpdated
$8.50
5/20/2026, 11:22:01 PM
2026-05-29
$8.50
5/20/2026, 11:22:01 PM
2026-06-05
$10.00
5/20/2026, 11:22:01 PM
2026-06-12
$10.00
5/20/2026, 11:22:01 PM
2026-06-18
$9.00
5/20/2026, 11:22:01 PM
2026-07-17
$7.00
5/20/2026, 11:22:01 PM
2026-09-18
$9.00
5/20/2026, 11:22:01 PM
2026-12-18
$5.00
5/20/2026, 11:22:01 PM
2027-01-15
$10.00
5/20/2026, 11:22:01 PM
Selected expiration: 2026-05-22 at max pain $8.50.
OCUL pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
378600
378600
2
2100
329800
331900
3
16700
281000
297700
4
40600
232600
273200
4.5
54200
208450
262650
5
68150
184550
252700
5.5
82750
160650
243400
7
129250
88950
218200
7.5
144900
65050
209950
8
160550
41250
201800
8.5
179250
18200
197450
9
201000
8650
209650
9.5
224250
6800
231050
10
256850
5450
262300
10.5
293900
4900
298800
11
334700
4350
339050
11.5
375900
3800
379700
13
499500
2300
501800
14
581900
1300
583200
14.5
623100
900
624000
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.