This page reflects OGN 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 — OGN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (4.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$1.38
±10.2%
Days to Expiry
29
Calendar days
Total Call OI
23,975
Nearest expiry
Total Put OI
5,733
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$13.46
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
$7.50
4/17/2026, 11:23:12 PM
2026-05-15
$11.00
5/15/2026, 11:28:21 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:25:26 PM
2026-07-17
$7.00
5/20/2026, 11:25:26 PM
2026-09-18
$7.50
5/20/2026, 11:25:26 PM
2026-10-16
$13.00
5/20/2026, 11:25:26 PM
2026-12-18
$11.00
5/20/2026, 11:25:26 PM
2027-01-15
$10.00
5/20/2026, 11:25:26 PM
Selected expiration: 2026-06-18 at max pain $9.00.
OGN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3954900
3954900
2.5
1500
3095400
3096900
4
3150
2236500
2239650
5
5650
1668400
1674050
6
8950
1138900
1147850
7.5
42400
460300
502700
9
220300
205750
426050
10
521600
123050
644650
11
1213000
65150
1278150
12.5
2478700
1400
2480100
14
4165900
350
4166250
15
5465300
250
5465550
16
6973200
150
6973350
17.5
10139400
0
10139400
20
16040150
0
16040150
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.