This page reflects SOGP 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 — SOGP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $16.33 (2.02 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.33
Nearest expiry
Expected Move
±$1.35
±9.4%
Days to Expiry
29
Calendar days
Total Call OI
56
Nearest expiry
Total Put OI
922
Nearest expiry
P/C OI Ratio
16.46
Put-heavy
Spot Price
$14.31
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
$19.02
4/17/2026, 11:28:45 PM
2026-05-15
$15.00
5/15/2026, 11:35:29 PM
2026-06-18NextUpdated
$16.33
5/20/2026, 11:36:24 PM
2026-07-17
$17.50
5/20/2026, 11:36:24 PM
2026-10-16
$20.00
5/20/2026, 11:36:24 PM
Selected expiration: 2026-06-18 at max pain $16.33.
SOGP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
3.83
0
1048771
1048771
7.5
0
712232
712232
13.83
0
132404
132404
15
0
69692
69692
16.33
665
0
665
18.83
6665
0
6665
20
9590
0
9590
21.33
13048
0
13048
22.5
17845
0
17845
28.83
44431
0
44431
30
49579
0
49579
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.