This page reflects STAA 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 — STAA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $20.00 (13.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$3.75
±11.3%
Days to Expiry
29
Calendar days
Total Call OI
3,072
Nearest expiry
Total Put OI
1,440
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$33.05
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
$25.00
4/17/2026, 11:33:10 PM
2026-05-15
$25.00
5/15/2026, 11:37:52 PM
2026-06-18NextUpdated
$20.00
5/20/2026, 11:32:59 PM
2026-09-18
$22.50
5/20/2026, 11:32:59 PM
2026-12-18
$22.50
5/20/2026, 11:32:59 PM
Selected expiration: 2026-06-18 at max pain $20.00.
STAA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
7.5
0
1184500
1184500
10
0
824500
824500
12.5
250
608750
609000
15
500
423750
424250
17.5
3250
289750
293000
20
7500
206500
214000
22.5
111250
147250
258500
25
216750
104500
321250
27.5
339000
63000
402000
30
604750
31500
636250
32.5
1080000
15750
1095750
35
1582500
6500
1589000
37.5
2168500
3250
2171750
40
2777750
0
2777750
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.