Boston Beer Company, Inc. (The)Close $183.44EOD only
Max Pain
$195.00
Next expiry Jun 18, 2026
Expected Move
±$15.85
8.6% from close
Price Gap
+11.56
Distance to max pain
IV Rank
7
Low premium
P/C OI
2.88
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects SAM 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 — SAM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $195.00 (11.56 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$195.00
Nearest expiry
Expected Move
±$15.85
±8.6%
Days to Expiry
29
Calendar days
Total Call OI
385
Nearest expiry
Total Put OI
2,011
Nearest expiry
P/C OI Ratio
5.22
Put-heavy
Spot Price
$183.44
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
$240.00
4/17/2026, 11:25:47 PM
2026-05-15
$185.00
5/15/2026, 11:35:06 PM
2026-06-18NextUpdated
$195.00
5/20/2026, 11:28:05 PM
2026-07-17
$165.00
5/20/2026, 11:28:05 PM
2026-09-18
$250.00
5/20/2026, 11:28:05 PM
2026-12-18
$230.00
5/20/2026, 11:28:05 PM
Selected expiration: 2026-06-18 at max pain $195.00.
SAM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
10081000
10081000
115
0
9085500
9085500
125
0
7114500
7114500
130
0
6131000
6131000
135
0
5149500
5149500
140
0
4220000
4220000
145
2000
3294500
3296500
150
4000
2378500
2382500
155
8500
2074000
2082500
160
13000
1771000
1784000
165
17500
1478000
1495500
170
22000
1189500
1211500
175
29500
909500
939000
180
38500
642500
681000
185
60000
396000
456000
190
105000
262500
367500
195
155000
171000
326000
200
213000
118000
331000
210
376000
52000
428000
220
561000
21000
582000
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.