This page reflects STLA 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 — STLA
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $7.00 (0.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.33
±4.3%
Days to Expiry
1
Calendar days
Total Call OI
5,720
Nearest expiry
Total Put OI
3,485
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$7.56
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
$6.50
5/8/2026, 11:32:57 PM
2026-05-15
$8.00
5/15/2026, 11:38:33 PM
2026-05-22NextUpdated
$7.00
5/21/2026, 11:33:16 PM
2026-05-29
$6.50
5/21/2026, 11:33:16 PM
2026-06-05
$3.50
5/21/2026, 11:33:16 PM
2026-06-12
$7.00
5/21/2026, 11:33:16 PM
2026-06-18
$9.00
5/21/2026, 11:33:16 PM
2026-06-26
$7.00
5/21/2026, 11:33:16 PM
2026-07-17
$8.00
5/21/2026, 11:33:16 PM
2026-09-18
$8.00
5/21/2026, 11:33:16 PM
2026-12-18
$8.00
5/21/2026, 11:33:16 PM
2027-01-15
$8.00
5/21/2026, 11:33:16 PM
Selected expiration: 2026-05-22 at max pain $7.00.
STLA pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
1549700
1549700
3.5
29650
1375450
1405100
4
100700
1201200
1301900
4.5
193800
1026950
1220750
5
288400
852700
1141100
5.5
383700
678600
1062300
6
479000
505050
984050
6.5
574300
338350
912650
7
670400
173550
843950
7.5
776650
86150
862800
8
943550
55000
998550
8.5
1187900
37250
1225150
9
1454850
32350
1487200
9.5
1733150
27900
1761050
10
2017550
23500
2041050
10.5
2303200
19150
2322350
11
2589000
14900
2603900
11.5
2874800
11100
2885900
12
3160750
7350
3168100
12.5
3446700
4200
3450900
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.