This page reflects OKE 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 — OKE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $85.00 (7.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$6.57
±7.1%
Days to Expiry
29
Calendar days
Total Call OI
17,292
Nearest expiry
Total Put OI
11,526
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$92.15
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
$85.00
4/17/2026, 11:20:58 PM
2026-05-15
$90.00
5/15/2026, 11:26:12 PM
2026-06-18NextUpdated
$85.00
5/20/2026, 11:27:34 PM
2026-07-17
$85.00
5/20/2026, 11:27:34 PM
2026-09-18
$85.00
5/20/2026, 11:27:34 PM
2026-10-16
$80.00
5/20/2026, 11:27:34 PM
2026-12-18
$85.00
5/20/2026, 11:27:34 PM
2027-01-15
$80.00
5/20/2026, 11:27:34 PM
2027-03-19
$85.00
5/20/2026, 11:27:34 PM
Selected expiration: 2026-06-18 at max pain $85.00.
OKE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
47411000
47411000
40
0
41651500
41651500
45
1500
35898500
35900000
50
3500
30583500
30587000
55
6000
25268500
25274500
60
8500
19986500
19995000
65
31000
14986500
15017500
70
55500
10314000
10369500
75
103000
6084500
6187500
80
160500
2915000
3075500
85
931000
915500
1846500
90
2570500
86500
2657000
95
7237500
13500
7251000
100
13487000
0
13487000
105
21548000
0
21548000
110
30011000
0
30011000
115
38562500
0
38562500
120
47195000
0
47195000
125
55830500
0
55830500
130
64467000
0
64467000
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.