This page reflects SEZL 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 — SEZL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (9.93 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$14.80
±14.1%
Days to Expiry
29
Calendar days
Total Call OI
6,044
Nearest expiry
Total Put OI
456
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$104.93
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
$70.00
4/17/2026, 11:28:19 PM
2026-05-15
$80.00
5/15/2026, 11:35:32 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:32:36 PM
2026-07-17
$75.00
5/20/2026, 11:32:36 PM
2026-08-21
$70.00
5/20/2026, 11:32:36 PM
2026-09-18
$80.00
5/20/2026, 11:32:36 PM
2026-10-16
$80.00
5/20/2026, 11:32:36 PM
2026-11-20
$80.00
5/20/2026, 11:32:36 PM
2026-12-18
$75.00
5/20/2026, 11:32:36 PM
2027-01-15
$60.00
5/20/2026, 11:32:36 PM
Selected expiration: 2026-06-18 at max pain $95.00.
SEZL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
2327500
2327500
40
0
2099500
2099500
50
1000
1643500
1644500
55
3500
1420500
1424000
60
7500
1205000
1212500
65
12000
996000
1008000
70
17500
797500
815000
75
28500
608000
636500
80
47500
426500
474000
85
69000
298000
367000
90
125500
199500
325000
95
204500
118000
322500
100
395500
58500
454000
105
812000
26500
838500
110
1275500
18000
1293500
115
2046500
12000
2058500
120
3286500
6000
3292500
125
5116500
0
5116500
130
8124000
0
8124000
135
11141500
0
11141500
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.