This page reflects PLMR 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 — PLMR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $105.00 (10.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$5.35
±4.6%
Days to Expiry
29
Calendar days
Total Call OI
31
Nearest expiry
Total Put OI
12
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$115.81
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
$105.00
4/17/2026, 11:24:09 PM
2026-05-15
$110.00
5/15/2026, 11:31:34 PM
2026-06-18NextUpdated
$105.00
5/20/2026, 11:28:42 PM
2026-07-17
$110.00
5/20/2026, 11:28:42 PM
2026-10-16
$125.00
5/20/2026, 11:28:42 PM
2027-01-15
$75.00
5/20/2026, 11:28:42 PM
Selected expiration: 2026-06-18 at max pain $105.00.
PLMR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
26000
26000
80
0
20500
20500
85
0
15500
15500
95
0
8500
8500
100
0
5500
5500
105
0
3000
3000
110
2000
1000
3000
115
4500
500
5000
120
9000
0
9000
125
18000
0
18000
130
30000
0
30000
135
43000
0
43000
145
71000
0
71000
150
86000
0
86000
175
163500
0
163500
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.