This page reflects STNG 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 — STNG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $80.00 (1.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$8.10
±9.9%
Days to Expiry
29
Calendar days
Total Call OI
1,736
Nearest expiry
Total Put OI
2,153
Nearest expiry
P/C OI Ratio
1.24
Put-heavy
Spot Price
$81.68
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
$70.00
4/17/2026, 11:33:15 PM
2026-05-15
$75.00
5/15/2026, 11:36:38 PM
2026-06-18NextUpdated
$80.00
5/20/2026, 11:35:07 PM
2026-07-17
$70.00
5/20/2026, 11:35:07 PM
2026-10-16
$75.00
5/20/2026, 11:35:07 PM
2027-01-15
$45.00
5/20/2026, 11:35:07 PM
Selected expiration: 2026-06-18 at max pain $80.00.
STNG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
2600000
2600000
65
2500
1749000
1751500
67.5
5250
1324750
1330000
70
10250
907500
917750
72.5
28500
622000
650500
75
47500
355250
402750
77.5
75500
123250
198750
80
107000
41750
148750
82.5
163750
4750
168500
85
237500
0
237500
87.5
374500
0
374500
90
540500
0
540500
92.5
848500
0
848500
95
1163750
0
1163750
100
1822250
0
1822250
105
2672750
0
2672750
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.