This page reflects SAIA 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 — SAIA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $450.00 (16.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$450.00
Nearest expiry
Expected Move
±$57.40
±12.3%
Days to Expiry
29
Calendar days
Total Call OI
464
Nearest expiry
Total Put OI
1,090
Nearest expiry
P/C OI Ratio
2.35
Put-heavy
Spot Price
$466.47
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
$360.00
4/17/2026, 11:28:46 PM
2026-05-15
$410.00
5/15/2026, 11:32:13 PM
2026-06-18NextUpdated
$450.00
5/20/2026, 11:32:59 PM
2026-07-17
$370.00
5/20/2026, 11:32:59 PM
2026-09-18
$370.00
5/20/2026, 11:32:59 PM
2026-12-18
$390.00
5/20/2026, 11:32:59 PM
Selected expiration: 2026-06-18 at max pain $450.00.
SAIA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
27140000
27140000
140
500
26595000
26595500
150
2500
25505000
25507500
160
5500
24427000
24432500
170
8500
23351000
23359500
175
10000
22813000
22823000
180
11500
22278000
22289500
185
13000
21744000
21757000
195
16000
20678000
20694000
200
17500
20145000
20162500
210
20500
19079000
19099500
220
23500
18021000
18044500
230
26500
16963000
16989500
240
30500
15905000
15935500
250
34500
14858000
14892500
260
42500
13811000
13853500
270
50500
12769000
12819500
280
61500
11731000
11792500
290
89500
10698000
10787500
300
117500
9668000
9785500
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.