Phibro Animal Health CorporatioClose $33.81EOD only
Max Pain
$35.00
Next expiry Jun 18, 2026
Expected Move
±$4.80
14.2% from close
Price Gap
+1.19
Distance to max pain
IV Rank
54
Middle-high premium
P/C OI
1.63
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects PAHC 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 — PAHC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $35.00 (1.19 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$4.80
±14.2%
Days to Expiry
29
Calendar days
Total Call OI
351
Nearest expiry
Total Put OI
262
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$33.81
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
$50.00
4/17/2026, 11:26:40 PM
2026-05-15
$35.00
5/15/2026, 11:30:26 PM
2026-06-18NextUpdated
$35.00
5/20/2026, 11:24:45 PM
2026-09-18
$40.00
5/20/2026, 11:24:45 PM
2026-12-18
$40.00
5/20/2026, 11:24:45 PM
Selected expiration: 2026-06-18 at max pain $35.00.
PAHC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
345500
345500
22.5
7750
293250
301000
25
15500
248000
263500
30
58000
157500
215500
35
100500
69500
170000
40
149500
40000
189500
45
203500
17000
220500
50
274000
500
274500
55
350500
0
350500
60
454500
0
454500
65
588500
0
588500
70
762000
0
762000
75
936500
0
936500
80
1111000
0
1111000
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.