This page reflects STE 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 — STE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $210.00 (5.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$11.80
±5.5%
Days to Expiry
29
Calendar days
Total Call OI
504
Nearest expiry
Total Put OI
90
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$215.97
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
$210.00
4/17/2026, 11:29:56 PM
2026-05-15
$210.00
5/15/2026, 11:38:42 PM
2026-06-18NextUpdated
$210.00
5/20/2026, 11:32:18 PM
2026-09-18
$200.00
5/20/2026, 11:32:18 PM
2026-12-18
$170.00
5/20/2026, 11:32:18 PM
Selected expiration: 2026-06-18 at max pain $210.00.
STE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
678000
678000
140
500
633500
634000
155
5000
501500
506500
165
9000
413500
422500
170
11000
370000
381000
175
13000
328000
341000
180
15000
288000
303000
185
17000
248500
265500
190
19000
212000
231000
195
21000
176500
197500
200
23000
142000
165000
210
31000
97000
128000
220
65000
67000
132000
230
116000
44000
160000
240
345000
24000
369000
250
670000
16000
686000
260
1130000
8000
1138000
270
1590000
2000
1592000
280
2072000
0
2072000
290
2554000
0
2554000
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.