This page reflects PONY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — PONY
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $9.50 (1.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.50
Nearest expiry
Expected Move
±$0.61
±7.3%
Days to Expiry
3
Calendar days
Total Call OI
12,510
Nearest expiry
Total Put OI
1,996
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$8.32
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$10.00
5/8/2026, 11:26:15 PM
2026-05-15
$10.00
5/15/2026, 11:30:59 PM
2026-05-22NextUpdated
$9.50
5/19/2026, 11:26:37 PM
2026-05-29
$9.50
5/19/2026, 11:26:37 PM
2026-06-05
$10.50
5/19/2026, 11:26:37 PM
2026-06-12
$9.00
5/19/2026, 11:26:37 PM
2026-06-18
$10.00
5/19/2026, 11:26:37 PM
2026-06-26
$9.50
5/19/2026, 11:26:37 PM
2026-07-17
$7.50
5/19/2026, 11:26:37 PM
2026-08-21
$12.50
5/19/2026, 11:26:37 PM
2026-11-20
$15.00
5/19/2026, 11:26:37 PM
2027-01-15
$15.00
5/19/2026, 11:26:37 PM
2027-02-19
$7.50
5/19/2026, 11:26:37 PM
Selected expiration: 2026-05-22 at max pain $9.50.
PONY pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
1009600
1009600
5
100
810000
810100
5.5
600
710200
710800
6
1500
610400
611900
6.5
2550
511100
513650
7
3700
418200
421900
7.5
4950
330000
334950
8
6250
243950
250200
8.5
12350
178900
191250
9
33150
136800
169950
9.5
76050
98600
174650
10
142450
74550
217000
10.5
222900
64250
287150
11
311150
54300
365450
11.5
406150
47750
453900
12
510400
41500
551900
12.5
618900
35400
654300
13
735450
29450
764900
13.5
855550
23650
879200
14
976900
17950
994850
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.