This page reflects SLP 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 — SLP
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $15.00 (0.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$2.90
±19.2%
Days to Expiry
28
Calendar days
Total Call OI
250
Nearest expiry
Total Put OI
644
Nearest expiry
P/C OI Ratio
2.58
Put-heavy
Spot Price
$15.11
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
$12.50
4/17/2026, 11:30:06 PM
2026-05-15
$12.50
5/15/2026, 11:34:08 PM
2026-06-18NextUpdated
$15.00
5/21/2026, 11:33:34 PM
2026-09-18
$15.00
5/21/2026, 11:33:34 PM
2026-12-18
$20.00
5/21/2026, 11:33:34 PM
Selected expiration: 2026-06-18 at max pain $15.00.
SLP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
662000
662000
7.5
0
344500
344500
10
0
185750
185750
12.5
6000
28500
34500
15
17000
12000
29000
17.5
35250
3750
39000
20
59750
1250
61000
22.5
99500
250
99750
25
144500
0
144500
30
266000
0
266000
35
387500
0
387500
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.