This page reflects ROOT 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 — ROOT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (1.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$8.50
±15.0%
Days to Expiry
29
Calendar days
Total Call OI
6,327
Nearest expiry
Total Put OI
2,375
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$56.54
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
$45.00
4/17/2026, 11:25:41 PM
2026-05-15
$50.00
5/15/2026, 11:32:48 PM
2026-06-18NextUpdated
$55.00
5/20/2026, 11:32:02 PM
2026-07-17
$55.00
5/20/2026, 11:32:02 PM
2026-09-18
$65.00
5/20/2026, 11:32:02 PM
2026-12-18
$70.00
5/20/2026, 11:32:02 PM
2027-01-15
$50.00
5/20/2026, 11:32:02 PM
Selected expiration: 2026-06-18 at max pain $55.00.
ROOT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
6348500
6348500
30
1500
5165000
5166500
35
3500
4036000
4039500
40
44000
2926000
2970000
45
123000
1912500
2035500
50
222500
1036500
1259000
55
435000
561500
996500
60
709000
313500
1022500
65
1160500
160500
1321000
70
2131500
66500
2198000
75
3234500
46500
3281000
80
5214500
34000
5248500
85
7328000
26000
7354000
90
9485500
21500
9507000
95
11795500
17000
11812500
100
14418500
12500
14431000
105
17077000
8500
17085500
110
19771000
5500
19776500
115
22469500
2500
22472000
120
25171500
0
25171500
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.