This page reflects PRMB 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 — PRMB
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $21.00 (1.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.00
Nearest expiry
Expected Move
±$2.00
±8.9%
Days to Expiry
29
Calendar days
Total Call OI
9,448
Nearest expiry
Total Put OI
1,272
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$22.56
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
$20.00
4/17/2026, 11:23:55 PM
2026-05-15
$20.00
5/15/2026, 11:30:35 PM
2026-06-18NextUpdated
$21.00
5/20/2026, 11:29:47 PM
2026-07-17
$24.00
5/20/2026, 11:29:47 PM
2026-09-18
$23.00
5/20/2026, 11:29:47 PM
2026-10-16
$25.00
5/20/2026, 11:29:47 PM
2026-12-18
$20.00
5/20/2026, 11:29:47 PM
2027-01-15
$15.00
5/20/2026, 11:29:47 PM
Selected expiration: 2026-06-18 at max pain $21.00.
PRMB pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
913400
913400
15
0
660600
660600
16
0
534400
534400
17
0
427700
427700
18
200
321500
321700
19
1300
217600
218900
20
2400
118100
120500
21
36900
78200
115100
22
74900
43200
118100
23
144500
17800
162300
24
569100
300
569400
25
1001700
200
1001900
26
1939000
100
1939100
27
2880600
0
2880600
28
3822400
0
3822400
30
5706600
0
5706600
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.