This page reflects RUN 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 — RUN
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $13.50 (0.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.50
Nearest expiry
Expected Move
±$0.75
±5.5%
Days to Expiry
2
Calendar days
Total Call OI
6,599
Nearest expiry
Total Put OI
2,594
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$13.69
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$12.50
5/8/2026, 11:28:01 PM
2026-05-15
$13.00
5/15/2026, 11:33:04 PM
2026-05-22NextUpdated
$13.50
5/20/2026, 11:30:24 PM
2026-05-29
$13.50
5/20/2026, 11:30:24 PM
2026-06-05
$13.00
5/20/2026, 11:30:24 PM
2026-06-12
$14.00
5/20/2026, 11:30:24 PM
2026-06-18
$13.00
5/20/2026, 11:30:24 PM
2026-06-26
$14.00
5/20/2026, 11:30:24 PM
2026-07-17
$14.00
5/20/2026, 11:30:24 PM
2026-08-21
$15.00
5/20/2026, 11:30:24 PM
2026-09-18
$16.00
5/20/2026, 11:30:24 PM
2026-11-20
$12.00
5/20/2026, 11:30:24 PM
2027-01-15
$15.00
5/20/2026, 11:30:24 PM
Selected expiration: 2026-05-22 at max pain $13.50.
RUN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
7
0
1472750
1472750
8
3500
1213350
1216850
8.5
5450
1083900
1089350
9
7850
954450
962300
9.5
10600
825900
836500
10
13450
697400
710850
10.5
16400
579600
596000
11
19850
466400
486250
11.5
23800
361750
385550
12
27750
262050
289800
12.5
35850
174500
210350
13
44650
108600
153250
13.5
66200
63900
130100
14
102400
40150
142550
14.5
187100
26850
213950
15
312000
17050
329050
15.5
559500
15300
574800
16
820300
13600
833900
16.5
1105450
12400
1117850
17
1414150
11200
1425350
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.