This page reflects QUIK 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 — QUIK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $19.00 (1.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$5.17
±25.3%
Days to Expiry
29
Calendar days
Total Call OI
4,861
Nearest expiry
Total Put OI
444
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$20.46
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
$8.00
4/17/2026, 11:24:24 PM
2026-05-15
$10.00
5/15/2026, 11:32:01 PM
2026-06-18NextUpdated
$19.00
5/20/2026, 11:31:28 PM
2026-08-21
$5.00
5/20/2026, 11:31:28 PM
2026-11-20
$9.00
5/20/2026, 11:31:28 PM
Selected expiration: 2026-06-18 at max pain $19.00.
QUIK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
444900
444900
6
0
401700
401700
7
0
360600
360600
9
0
289800
289800
10
0
254500
254500
11
300
219200
219500
12
1100
183900
185000
13
2700
148600
151300
14
4400
120900
125300
15
6500
93200
99700
16
13800
69900
83700
17
21700
47400
69100
18
31000
28800
59800
19
43700
13500
57200
20
207200
3300
210500
21
442500
500
443000
22
695600
400
696000
23
1075900
300
1076200
24
1461200
200
1461400
25
1851800
100
1851900
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.