This page reflects PRTA 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 — PRTA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $10.00 (0.65 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$2.67
±28.6%
Days to Expiry
29
Calendar days
Total Call OI
3,553
Nearest expiry
Total Put OI
741
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$9.35
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
$9.00
4/17/2026, 11:23:42 PM
2026-05-15
$10.00
5/15/2026, 11:32:13 PM
2026-06-18NextUpdated
$10.00
5/20/2026, 11:29:34 PM
2026-09-18
$9.00
5/20/2026, 11:29:34 PM
2026-12-18
$10.00
5/20/2026, 11:29:34 PM
2027-01-15
$6.00
5/20/2026, 11:29:34 PM
Selected expiration: 2026-06-18 at max pain $10.00.
PRTA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
315100
315100
7
0
241000
241000
8
100
166900
167000
9
200
92900
93100
10
900
49700
50600
11
84300
22000
106300
12
312500
10100
322600
13
629000
6300
635300
14
970300
2500
972800
15
1319100
0
1319100
16
1670800
0
1670800
17
2025000
0
2025000
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.