This page reflects SGI 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 — SGI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (4.31 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$6.70
±10.2%
Days to Expiry
29
Calendar days
Total Call OI
60,849
Nearest expiry
Total Put OI
4,055
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$65.69
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
$75.00
4/17/2026, 11:28:36 PM
2026-05-15
$70.00
5/15/2026, 11:34:58 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:33:40 PM
2026-08-21
$70.00
5/20/2026, 11:33:40 PM
2026-09-18
$65.00
5/20/2026, 11:33:40 PM
2026-11-20
$60.00
5/20/2026, 11:33:40 PM
2026-12-18
$65.00
5/20/2026, 11:33:40 PM
2027-01-15
$67.50
5/20/2026, 11:33:40 PM
2027-02-19
$70.00
5/20/2026, 11:33:40 PM
Selected expiration: 2026-06-18 at max pain $70.00.
SGI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
8965500
8965500
50
0
6947500
6947500
55
0
4937500
4937500
60
1000
2969500
2970500
65
2000
1039500
1041500
70
96500
710000
806500
75
4006000
462000
4468000
80
8161000
302500
8463500
85
13796500
169000
13965500
90
32389000
122500
32511500
95
51039000
81000
51120000
100
70174500
40500
70215000
105
100580000
0
100580000
110
130988500
0
130988500
115
161397000
0
161397000
120
191806000
0
191806000
125
222216500
0
222216500
130
252627500
0
252627500
135
283039000
0
283039000
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.