This page reflects SA 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 — SA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $30.00 (0.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$5.12
±16.7%
Days to Expiry
29
Calendar days
Total Call OI
10,460
Nearest expiry
Total Put OI
3,441
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$30.65
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
$30.00
4/17/2026, 11:27:20 PM
2026-05-15
$28.00
5/15/2026, 11:34:48 PM
2026-06-18NextUpdated
$30.00
5/20/2026, 11:31:36 PM
2026-07-17
$30.00
5/20/2026, 11:31:36 PM
2026-08-21
$29.00
5/20/2026, 11:31:36 PM
2026-11-20
$28.00
5/20/2026, 11:31:36 PM
2027-01-15
$15.00
5/20/2026, 11:31:36 PM
Selected expiration: 2026-06-18 at max pain $30.00.
SA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
2581600
2581600
21
9900
2271100
2281000
22
21700
1960800
1982500
23
34500
1650900
1685400
24
56300
1341300
1397600
25
78300
1058700
1137000
26
101600
837600
939200
27
126400
626300
752700
28
161800
464800
626600
29
259700
344600
604300
30
366100
230700
596800
31
543100
151600
694700
32
788000
76700
864700
33
1084000
13100
1097100
34
1469100
6000
1475100
35
1893900
700
1894600
36
2564200
300
2564500
37
3264800
0
3264800
38
4002300
0
4002300
39
4767400
0
4767400
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.