This page reflects SVM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — SVM
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.50 (0.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$2.20
±17.9%
Days to Expiry
30
Calendar days
Total Call OI
2,637
Nearest expiry
Total Put OI
1,172
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$12.32
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
$10.00
4/17/2026, 11:33:28 PM
2026-05-15
$12.50
5/15/2026, 11:38:19 PM
2026-06-18NextUpdated
$12.50
5/19/2026, 11:36:12 PM
2026-07-17
$10.00
5/19/2026, 11:36:12 PM
2026-10-16
$7.50
5/19/2026, 11:36:12 PM
2027-01-15
$7.50
5/19/2026, 11:36:12 PM
Selected expiration: 2026-06-18 at max pain $12.50.
SVM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1203750
1203750
5
250
910750
911000
7.5
1750
617750
619500
10
21750
326000
347750
12.5
60000
91250
151250
15
163250
16250
179500
17.5
565000
1500
566500
20
1141000
1000
1142000
22.5
1789750
500
1790250
25
2447750
0
2447750
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.