This page reflects OTLY 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 — OTLY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $11.00 (1.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.50
±15.0%
Days to Expiry
29
Calendar days
Total Call OI
979
Nearest expiry
Total Put OI
488
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$10.00
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
$10.00
4/17/2026, 11:24:23 PM
2026-05-15
$11.00
5/15/2026, 11:28:04 PM
2026-06-18NextUpdated
$11.00
5/20/2026, 11:23:47 PM
2026-07-17
$11.00
5/20/2026, 11:23:47 PM
2026-09-18
$11.00
5/20/2026, 11:23:47 PM
2026-12-18
$13.00
5/20/2026, 11:23:47 PM
Selected expiration: 2026-06-18 at max pain $11.00.
OTLY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
237100
237100
6
0
188900
188900
7
0
142500
142500
8
1000
97800
98800
9
2200
53800
56000
10
3400
15700
19100
11
6200
9100
15300
12
10200
5900
16100
13
18100
4400
22500
14
27700
3000
30700
15
39800
2300
42100
16
99100
1700
100800
17
162600
1100
163700
18
237000
600
237600
19
315700
100
315800
20
395500
0
395500
21
477600
0
477600
22
560200
0
560200
25
808000
0
808000
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.