This page reflects SRAD 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 — SRAD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.50 (0.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$1.93
±14.4%
Days to Expiry
29
Calendar days
Total Call OI
5,627
Nearest expiry
Total Put OI
1,366
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$13.33
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
$15.00
4/17/2026, 11:23:19 PM
2026-05-15
$12.50
5/15/2026, 11:38:30 PM
2026-06-18NextUpdated
$12.50
5/20/2026, 11:35:01 PM
2026-07-17
$15.00
5/20/2026, 11:35:01 PM
2026-08-21
$15.00
5/20/2026, 11:35:01 PM
2026-11-20
$12.50
5/20/2026, 11:35:01 PM
2026-12-18
$17.50
5/20/2026, 11:35:01 PM
2027-01-15
$12.50
5/20/2026, 11:35:01 PM
Selected expiration: 2026-06-18 at max pain $12.50.
SRAD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1170250
1170250
5
0
828750
828750
7.5
1250
513500
514750
10
2750
228500
231250
12.5
8000
35500
43500
15
540000
5500
545500
17.5
1776500
750
1777250
20
3127250
500
3127750
22.5
4514250
250
4514500
25
5916500
0
5916500
27.5
7323000
0
7323000
30
8729750
0
8729750
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.