This page reflects ROIV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — ROIV
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $28.00 (0.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$3.73
±13.2%
Days to Expiry
30
Calendar days
Total Call OI
960
Nearest expiry
Total Put OI
314
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$28.21
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
$27.00
4/17/2026, 11:31:14 PM
2026-05-15
$23.00
5/15/2026, 11:32:01 PM
2026-06-18NextUpdated
$28.00
5/19/2026, 11:26:37 PM
2026-07-17
$28.00
5/19/2026, 11:26:37 PM
2026-08-21
$28.00
5/19/2026, 11:26:37 PM
2026-09-18
$26.00
5/19/2026, 11:26:37 PM
2026-11-20
$27.00
5/19/2026, 11:26:37 PM
2026-12-18
$23.00
5/19/2026, 11:26:37 PM
2027-01-15
$22.00
5/19/2026, 11:26:37 PM
Selected expiration: 2026-06-18 at max pain $28.00.
ROIV pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
214200
214200
23
0
121500
121500
24
0
90700
90700
25
0
60200
60200
26
0
34500
34500
27
500
10400
10900
28
1300
2700
4000
29
4800
1200
6000
30
26900
300
27200
31
79600
200
79800
32
144000
100
144100
33
213600
0
213600
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.