Polestar Automotive Holding UK Close $22.02EOD only
Max Pain
$20.00
Next expiry Jun 18, 2026
Expected Move
±$4.70
21.3% from close
Price Gap
-2.02
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.21
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects PSNY 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 — PSNY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $20.00 (2.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$4.70
±21.3%
Days to Expiry
29
Calendar days
Total Call OI
117
Nearest expiry
Total Put OI
272
Nearest expiry
P/C OI Ratio
2.32
Put-heavy
Spot Price
$22.02
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
$14.00
4/17/2026, 11:23:22 PM
2026-05-15
$20.00
5/15/2026, 11:30:42 PM
2026-06-18NextUpdated
$20.00
5/20/2026, 11:26:52 PM
2026-07-17
$18.00
5/20/2026, 11:26:52 PM
2026-10-16
$30.00
5/20/2026, 11:26:52 PM
2027-01-15
$0.50
5/20/2026, 11:26:52 PM
Selected expiration: 2026-06-18 at max pain $20.00.
PSNY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
114300
114300
15
0
62900
62900
16
0
42800
42800
17
0
26500
26500
18
0
20900
20900
19
0
15600
15600
20
100
10400
10500
21
5800
6100
11900
22
11600
2500
14100
23
19700
800
20500
24
28500
0
28500
25
37500
0
37500
30
92000
0
92000
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.