This page reflects OMER 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 — OMER
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.00 (0.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$2.00
±16.2%
Days to Expiry
29
Calendar days
Total Call OI
6,212
Nearest expiry
Total Put OI
2,211
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$12.38
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
$11.00
4/17/2026, 11:20:18 PM
2026-05-15
$11.00
5/15/2026, 11:32:17 PM
2026-06-18NextUpdated
$12.00
5/20/2026, 11:22:54 PM
2026-07-17
$13.00
5/20/2026, 11:22:54 PM
2026-08-21
$12.00
5/20/2026, 11:22:54 PM
2026-11-20
$10.00
5/20/2026, 11:22:54 PM
2026-12-18
$10.00
5/20/2026, 11:22:54 PM
2027-01-15
$5.00
5/20/2026, 11:22:54 PM
Selected expiration: 2026-06-18 at max pain $12.00.
OMER pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
909500
909500
7
100
688400
688500
8
200
467300
467500
9
300
336400
336700
10
500
205500
206000
11
51700
124400
176100
12
102900
66800
169700
13
202400
24000
226400
14
537000
2000
539000
15
928000
600
928600
16
1343400
300
1343700
17
1819800
200
1820000
18
2320600
100
2320700
19
2830900
0
2830900
20
3342400
0
3342400
25
6447400
0
6447400
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.