This page reflects ONTO 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 — ONTO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $240.00 (23.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$42.25
±16.1%
Days to Expiry
29
Calendar days
Total Call OI
3,299
Nearest expiry
Total Put OI
1,747
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$263.12
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
$220.00
4/17/2026, 11:22:35 PM
2026-05-15
$290.00
5/15/2026, 11:28:09 PM
2026-06-18NextUpdated
$240.00
5/20/2026, 11:25:41 PM
2026-07-17
$250.00
5/20/2026, 11:25:41 PM
2026-09-18
$210.00
5/20/2026, 11:25:41 PM
2026-12-18
$195.00
5/20/2026, 11:25:41 PM
Selected expiration: 2026-06-18 at max pain $240.00.
ONTO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
28555000
28555000
70
2500
27681500
27684000
75
6000
26810000
26816000
80
9500
25939000
25948500
85
13000
25105000
25118000
95
21000
23437000
23458000
100
25500
22604000
22629500
105
35500
21783000
21818500
110
46000
20962000
21008000
115
57500
20141500
20199000
120
69000
19321000
19390000
125
82000
18503500
18585500
130
95000
17687000
17782000
135
108000
16871000
16979000
140
180000
16072500
16252500
145
252500
15277000
15529500
150
336500
14484500
14821000
155
433000
13729000
14162000
160
538500
12989000
13527500
165
654000
12262500
12916500
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.