thetaOwl

RACE

Ferrari N.V.Close $341.81EOD only
Max Pain
$335.00
Next expiry May 22, 2026
Expected Move
±$3.55
1.0% from close
Price Gap
-6.81
Distance to max pain
IV Rank
3
Low premium
P/C OI
1.19
Slightly put-heavy
Consensus
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects RACE 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 — RACE
Data as of market close May 20, 2026

Nearest listed expiration 2026-05-22 shows max pain at $335.00 (6.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$335.00
Nearest expiry
Expected Move
±$3.55
±1.0%
Days to Expiry
2
Calendar days
Total Call OI
392
Nearest expiry
Total Put OI
669
Nearest expiry
P/C OI Ratio
1.71
Put-heavy
Spot Price
$341.81
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-22
ExpirationMax Pain StrikeLast Updated
2026-05-08$337.505/8/2026, 11:27:06 PM
2026-05-15$350.005/15/2026, 11:30:48 PM
2026-05-22NextUpdated$335.005/20/2026, 11:27:32 PM
2026-05-29$330.005/20/2026, 11:27:32 PM
2026-06-05$325.005/20/2026, 11:27:32 PM
2026-06-12$320.005/20/2026, 11:27:32 PM
2026-06-18$350.005/20/2026, 11:27:32 PM
2026-06-26$315.005/20/2026, 11:27:32 PM
2026-07-17$350.005/20/2026, 11:27:32 PM
2026-08-21$350.005/20/2026, 11:27:32 PM
2026-09-18$350.005/20/2026, 11:27:32 PM
2026-10-16$380.005/20/2026, 11:27:32 PM
2026-11-20$330.005/20/2026, 11:27:32 PM
2026-12-18$370.005/20/2026, 11:27:32 PM
Selected expiration: 2026-05-22 at max pain $335.00.
RACE pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
250034892503489250
260100028202502821250
270200021542502156250
275300019592501962250
285500015692501574250
290650013742501380750
295800011832501191250
30095009937501003250
30511000819250830250
31013000653750666750
31515500494750510250
32018000344750362750
322.519250277500296750
32520500211500232000
327.526500155000181500
33035000118250153250
332.54575093000138750
3355850068500127000
337.58375049250133000
34011000035000145000
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.