Par Pacific Holdings, Inc. CommClose $60.80EOD only
Max Pain
$55.00
Next expiry Jun 18, 2026
Expected Move
±$8.80
14.5% from close
Price Gap
-5.80
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.32
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects PARR 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 — PARR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (5.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$8.80
±14.5%
Days to Expiry
29
Calendar days
Total Call OI
2,019
Nearest expiry
Total Put OI
1,913
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$60.80
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
$55.00
4/17/2026, 11:20:40 PM
2026-05-15
$60.00
5/15/2026, 11:30:13 PM
2026-06-18NextUpdated
$55.00
5/20/2026, 11:26:46 PM
2026-07-17
$55.00
5/20/2026, 11:26:46 PM
2026-09-18
$45.00
5/20/2026, 11:26:46 PM
2026-10-16
$45.00
5/20/2026, 11:26:46 PM
2026-12-18
$50.00
5/20/2026, 11:26:46 PM
Selected expiration: 2026-06-18 at max pain $55.00.
PARR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
5679250
5679250
25
0
5201000
5201000
30
0
4244500
4244500
35
2000
3288000
3290000
40
41500
2429500
2471000
45
118000
1580500
1698500
50
255000
894500
1149500
55
695500
407500
1103000
60
1190500
144500
1335000
65
1839500
80500
1920000
70
2599500
43500
2643000
75
3519500
6500
3526000
80
4498000
0
4498000
85
5493500
0
5493500
90
6500000
0
6500000
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.