This page reflects SHAK 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 — SHAK
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $62.00 (1.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.00
Nearest expiry
Expected Move
±$2.10
±3.3%
Days to Expiry
2
Calendar days
Total Call OI
4,055
Nearest expiry
Total Put OI
1,485
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$63.47
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$75.00
5/8/2026, 11:28:25 PM
2026-05-15
$65.00
5/15/2026, 11:40:28 PM
2026-05-22NextUpdated
$62.00
5/20/2026, 11:28:47 PM
2026-05-29
$62.00
5/20/2026, 11:28:47 PM
2026-06-05
$65.00
5/20/2026, 11:28:47 PM
2026-06-12
$65.00
5/20/2026, 11:28:47 PM
2026-06-18
$70.00
5/20/2026, 11:28:47 PM
2026-06-26
$65.00
5/20/2026, 11:28:47 PM
2026-07-17
$65.00
5/20/2026, 11:28:47 PM
2026-09-18
$85.00
5/20/2026, 11:28:47 PM
2026-12-18
$70.00
5/20/2026, 11:28:47 PM
2027-01-15
$85.00
5/20/2026, 11:28:47 PM
Selected expiration: 2026-05-22 at max pain $62.00.
SHAK pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
2517500
2517500
50
15500
1775500
1791000
54
27900
1183500
1211400
55
31000
1042700
1073700
56
35800
907300
943100
57
40600
774500
815100
58
45400
644000
689400
59
50300
520100
570400
60
55200
403400
458600
61
64400
322800
387200
62
77200
251100
328300
63
141600
189100
330700
64
225800
131700
357500
65
340200
89000
429200
66
494900
64300
559200
67
660600
42200
702800
68
830400
26700
857100
69
1063200
13400
1076600
70
1306000
1200
1307200
71
1591800
600
1592400
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.