thetaOwl
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SE

Sea LimitedClose $88.96EOD only
Max Pain
$89.00
Next expiry May 22, 2026
Expected Move
±$2.92
3.3% from close
Price Gap
+0.04
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.67
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: May 21, 2026 close
End-of-day snapshot

This page reflects SE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 21, 2026 close
Max Pain — SE
Data as of market close May 21, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $89.00 (0.04 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$89.00
Nearest expiry
Expected Move
±$2.92
±3.3%
Days to Expiry
1
Calendar days
Total Call OI
5,619
Nearest expiry
Total Put OI
3,810
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$88.96
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-22
ExpirationMax Pain StrikeLast Updated
2026-05-08$85.005/8/2026, 11:30:12 PM
2026-05-15$92.005/15/2026, 11:35:25 PM
2026-05-22NextUpdated$89.005/21/2026, 11:29:07 PM
2026-05-29$87.005/21/2026, 11:29:07 PM
2026-06-05$86.005/21/2026, 11:29:07 PM
2026-06-12$89.005/21/2026, 11:29:07 PM
2026-06-18$95.005/21/2026, 11:29:07 PM
2026-06-26$95.005/21/2026, 11:29:07 PM
2026-07-17$90.005/21/2026, 11:29:07 PM
2026-08-21$90.005/21/2026, 11:29:07 PM
2026-09-18$100.005/21/2026, 11:29:07 PM
2026-10-16$85.005/21/2026, 11:29:07 PM
2026-11-20$85.005/21/2026, 11:29:07 PM
2026-12-18$97.505/21/2026, 11:29:07 PM
2027-01-15$100.005/21/2026, 11:29:07 PM
2027-03-19$90.005/21/2026, 11:29:07 PM
Selected expiration: 2026-05-22 at max pain $89.00.
SE pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
5501028100010281000
60083820008382000
65065230006523000
68330054274005430700
69830050674005075700
701330047078004721100
711870043594004378100
722410040122004036300
732950036818003711300
743490033658003400700
754030030530003093300
764590027619002807800
775170024744002526100
785760021923002249900
796350019164001979900
806960016455001715100
817730014158001493100
828600012017001287700
839650010155001112000
84108500855000963500
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.