This page reflects SPCE 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 — SPCE
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $2.50 (0.25 below 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
±$0.26
±9.4%
Days to Expiry
1
Calendar days
Total Call OI
18,689
Nearest expiry
Total Put OI
8,437
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$2.75
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
5/21/2026, 11:31:31 PM
2026-05-29
$2.50
5/21/2026, 11:31:31 PM
2026-06-18
$2.50
5/21/2026, 11:31:31 PM
2026-07-17
$2.50
5/21/2026, 11:31:31 PM
2026-10-16
$2.50
5/21/2026, 11:31:31 PM
2027-01-15
$3.00
5/21/2026, 11:31:31 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
1604750
1604750
1
25300
1183000
1208300
1.5
50700
761250
811950
2
76550
378250
454800
2.5
104800
54200
159000
3
194750
6850
201600
3.5
598450
4450
602900
4
1134650
2550
1137200
4.5
1940150
1600
1941750
5
2774300
850
2775150
5.5
3684950
450
3685400
6
4596150
100
4596250
6.5
5517450
0
5517450
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.