Strategy Inc - Variable Rate SeClose $99.16EOD only
Max Pain
$100.00
Next expiry Jun 18, 2026
Expected Move
±$1.27
1.3% from close
Price Gap
+0.84
Distance to max pain
IV Rank
30
Middle-high premium
P/C OI
1.69
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects STRC 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 — STRC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (0.84 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$1.27
±1.3%
Days to Expiry
29
Calendar days
Total Call OI
2,417
Nearest expiry
Total Put OI
4,677
Nearest expiry
P/C OI Ratio
1.94
Put-heavy
Spot Price
$99.16
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
$100.00
4/17/2026, 11:33:20 PM
2026-05-15
$100.00
5/15/2026, 11:34:23 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:33:17 PM
2026-09-18
$100.00
5/20/2026, 11:33:17 PM
2026-12-18
$100.00
5/20/2026, 11:33:17 PM
Selected expiration: 2026-06-18 at max pain $100.00.
STRC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
12152500
12152500
65
0
10377000
10377000
75
0
6826000
6826000
80
0
5066500
5066500
85
0
3460500
3460500
90
0
1931500
1931500
95
0
634000
634000
100
276500
22000
298500
105
1335000
12500
1347500
110
2535000
10000
2545000
115
3735000
8000
3743000
120
4943500
6000
4949500
140
9777500
0
9777500
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.