Shoals Technologies Group, Inc.Close $9.68EOD only
Max Pain
$9.00
Next expiry Jun 18, 2026
Expected Move
±$2.05
21.2% from close
Price Gap
-0.68
Distance to max pain
IV Rank
15
Low premium
P/C OI
0.15
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects SHLS 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 — SHLS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $9.00 (0.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$2.05
±21.2%
Days to Expiry
29
Calendar days
Total Call OI
12,098
Nearest expiry
Total Put OI
1,981
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$9.68
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
$7.00
4/17/2026, 11:31:40 PM
2026-05-15
$7.00
5/15/2026, 11:39:27 PM
2026-06-18NextUpdated
$9.00
5/20/2026, 11:28:59 PM
2026-07-17
$7.00
5/20/2026, 11:28:59 PM
2026-08-21
$8.00
5/20/2026, 11:28:59 PM
2026-10-16
$8.00
5/20/2026, 11:28:59 PM
2026-11-20
$8.00
5/20/2026, 11:28:59 PM
2027-01-15
$5.00
5/20/2026, 11:28:59 PM
Selected expiration: 2026-06-18 at max pain $9.00.
SHLS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1463900
1463900
2
600
1266100
1266700
3
1400
1068300
1069700
4
2300
870500
872800
5
3400
672700
676100
6
4500
476400
480900
7
6500
291400
297900
8
15800
138200
154000
9
50300
46900
97200
10
496000
0
496000
11
1100200
0
1100200
12
1739500
0
1739500
13
2934000
0
2934000
14
4138900
0
4138900
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.