This page reflects SMTC 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 — SMTC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (41.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$35.70
±25.2%
Days to Expiry
29
Calendar days
Total Call OI
8,696
Nearest expiry
Total Put OI
2,746
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$141.85
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
$85.00
4/17/2026, 11:28:28 PM
2026-05-15
$90.00
5/15/2026, 11:37:07 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:35:11 PM
2026-07-17
$140.00
5/20/2026, 11:35:11 PM
2026-09-18
$115.00
5/20/2026, 11:35:11 PM
2026-12-18
$50.00
5/20/2026, 11:35:11 PM
2027-01-15
$50.00
5/20/2026, 11:35:11 PM
Selected expiration: 2026-06-18 at max pain $100.00.
SMTC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
12824000
12824000
45
6000
11459500
11465500
50
25500
10269500
10295000
55
59000
9141000
9200000
60
110000
8070500
8180500
65
166000
7143000
7309000
70
249500
6231000
6480500
75
340500
5338000
5678500
80
469000
4472500
4941500
85
633500
3678500
4312000
90
860000
2928500
3788500
95
1134000
2388000
3522000
100
1457500
1865500
3323000
105
3097500
1408500
4506000
110
4785500
1028000
5813500
115
6522000
779000
7301000
120
8303000
552000
8855000
125
10275500
360500
10636000
130
12833000
260000
13093000
135
15587000
189000
15776000
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.