This page reflects SPCE 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 — SPCE
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $2.50 (0.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.50
Nearest expiry
Expected Move
±$0.18
±7.3%
Days to Expiry
2
Calendar days
Total Call OI
18,673
Nearest expiry
Total Put OI
8,134
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$2.47
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
$2.50
5/8/2026, 11:29:37 PM
2026-05-15
$2.50
5/15/2026, 11:37:14 PM
2026-05-22NextUpdated
$2.50
5/20/2026, 11:32:26 PM
2026-05-29
$2.50
5/20/2026, 11:32:26 PM
2026-06-18
$2.50
5/20/2026, 11:32:26 PM
2026-07-17
$2.50
5/20/2026, 11:32:26 PM
2026-10-16
$2.50
5/20/2026, 11:32:26 PM
2027-01-15
$3.00
5/20/2026, 11:32:26 PM
Selected expiration: 2026-05-22 at max pain $2.50.
SPCE pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1552000
1552000
1
25100
1145400
1170500
1.5
50450
738800
789250
2
76250
370950
447200
2.5
104150
61250
165400
3
193050
11300
204350
3.5
595950
6650
602600
4
1130950
3950
1134900
4.5
1935600
2300
1937900
5
2768950
1200
2770150
5.5
3678800
450
3679250
6
4589200
100
4589300
6.5
5509700
0
5509700
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.