This page reflects STLA 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 — STLA
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $7.00 (0.53 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
±$0.47
±6.3%
Days to Expiry
2
Calendar days
Total Call OI
5,318
Nearest expiry
Total Put OI
3,336
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$7.53
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
5/20/2026, 11:34:47 PM
2026-05-29
$4.00
5/20/2026, 11:34:47 PM
2026-06-05
$3.50
5/20/2026, 11:34:47 PM
2026-06-12
$7.00
5/20/2026, 11:34:47 PM
2026-06-18
$9.00
5/20/2026, 11:34:47 PM
2026-06-26
$7.00
5/20/2026, 11:34:47 PM
2026-07-17
$8.00
5/20/2026, 11:34:47 PM
2026-09-18
$8.00
5/20/2026, 11:34:47 PM
2026-12-18
$8.00
5/20/2026, 11:34:47 PM
2027-01-15
$8.00
5/20/2026, 11:34:47 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
1483300
1483300
3.5
29650
1316500
1346150
4
100650
1149700
1250350
4.5
193700
982900
1176600
5
288250
816100
1104350
5.5
382850
649450
1032300
6
477450
483350
960800
6.5
572050
324100
896150
7
667450
166750
834200
7.5
773000
86050
859050
8
935350
54950
990300
8.5
1159650
37200
1196850
9
1406550
32300
1438850
9.5
1664800
27850
1692650
10
1929150
23500
1952650
10.5
2194750
19150
2213900
11
2460500
14900
2475400
11.5
2726250
11100
2737350
12
2992100
7350
2999450
12.5
3257950
4200
3262150
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.