This page reflects SOUN 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 — SOUN
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $8.50 (0.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.50
Nearest expiry
Expected Move
±$0.48
±5.7%
Days to Expiry
2
Calendar days
Total Call OI
58,903
Nearest expiry
Total Put OI
22,497
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$8.45
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
$9.00
5/8/2026, 11:30:00 PM
2026-05-15
$9.00
5/15/2026, 11:39:14 PM
2026-05-22NextUpdated
$8.50
5/20/2026, 11:34:25 PM
2026-05-29
$8.50
5/20/2026, 11:34:25 PM
2026-06-05
$9.00
5/20/2026, 11:34:25 PM
2026-06-12
$8.50
5/20/2026, 11:34:25 PM
2026-06-18
$10.00
5/20/2026, 11:34:25 PM
2026-06-26
$8.00
5/20/2026, 11:34:25 PM
2026-07-17
$9.00
5/20/2026, 11:34:25 PM
2026-10-16
$8.00
5/20/2026, 11:34:25 PM
2027-01-15
$7.00
5/20/2026, 11:34:25 PM
Selected expiration: 2026-05-22 at max pain $8.50.
SOUN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
12106050
12106050
3
100
10981200
10981300
3.5
950
9856850
9857800
4
2350
8732550
8734900
4.5
8200
7612100
7620300
5
14450
6491950
6506400
5.5
23300
5380350
5403650
6
33100
4273150
4306250
6.5
43450
3207100
3250550
7
58200
2259350
2317550
7.5
99500
1466500
1566000
8
158650
834800
993450
8.5
344000
565900
909900
9
939500
430100
1369600
9.5
2408300
342700
2751000
10
4340350
279150
4619500
10.5
6823350
239550
7062900
11
9422000
205050
9627050
11.5
12121800
172300
12294100
12
14846250
143150
14989400
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.