This page reflects TH 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 — TH
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $17.00 (1.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$2.15
±11.8%
Days to Expiry
28
Calendar days
Total Call OI
1,182
Nearest expiry
Total Put OI
10,707
Nearest expiry
P/C OI Ratio
9.06
Put-heavy
Spot Price
$18.22
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
$8.00
4/17/2026, 11:33:46 PM
2026-05-15
$14.00
5/15/2026, 11:40:31 PM
2026-06-18NextUpdated
$17.00
5/21/2026, 11:38:46 PM
2026-07-17
$13.00
5/21/2026, 11:38:46 PM
2026-10-16
$17.00
5/21/2026, 11:38:46 PM
2027-01-15
$5.00
5/21/2026, 11:38:46 PM
Selected expiration: 2026-06-18 at max pain $17.00.
TH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
7
0
8402300
8402300
8
100
7331600
7331700
9
300
6260900
6261200
10
3500
5190200
5193700
11
9900
4120400
4130300
12
19600
3050600
3070200
13
32300
1980800
2013100
14
46700
1232500
1279200
15
61800
524400
586200
16
97000
77200
174200
17
132800
31500
164300
18
182800
400
183200
19
265800
300
266100
20
366700
200
366900
21
484500
100
484600
22
602500
0
602500
23
720500
0
720500
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.