This page reflects SATL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 22, 2026 close
Max Pain — SATL
Data as of market close May 22, 2026
Nearest listed expiration 2026-06-18 shows max pain at $5.00 (5.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$3.05
±28.8%
Days to Expiry
27
Calendar days
Total Call OI
13,181
Nearest expiry
Total Put OI
13,599
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$10.61
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
$5.00
4/17/2026, 11:26:36 PM
2026-05-15
$2.00
5/15/2026, 11:34:48 PM
2026-06-18NextUpdated
$5.00
5/22/2026, 11:30:28 PM
2026-07-17
$8.00
5/22/2026, 11:30:28 PM
2026-08-21
$2.50
5/22/2026, 11:30:28 PM
2026-11-20
$7.50
5/22/2026, 11:30:28 PM
2027-01-15
$5.00
5/22/2026, 11:30:28 PM
Selected expiration: 2026-06-18 at max pain $5.00.
SATL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
5654400
5654400
3
200
2934600
2934800
4
400
1574700
1575100
5
700
261700
262400
6
142700
159800
302500
7
288800
84500
373300
8
457200
27300
484500
9
760700
3600
764300
10
1542400
100
1542500
11
2546300
0
2546300
12
3596000
0
3596000
13
4681800
0
4681800
14
5804400
0
5804400
15
7002700
0
7002700
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.