This page reflects UMBF 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 — UMBF
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $115.00 (15.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$3.85
±3.0%
Days to Expiry
29
Calendar days
Total Call OI
255
Nearest expiry
Total Put OI
18
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$130.18
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
$105.00
4/17/2026, 11:31:51 PM
2026-05-15
$115.00
5/15/2026, 11:41:48 PM
2026-06-18NextUpdated
$115.00
5/20/2026, 11:33:34 PM
2026-09-18
$120.00
5/20/2026, 11:33:34 PM
Selected expiration: 2026-06-18 at max pain $115.00.
UMBF pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
63500
63500
85
0
54500
54500
90
0
45500
45500
95
500
37000
37500
100
1000
28500
29500
105
1500
20500
22000
110
2000
13000
15000
115
4000
7000
11000
120
10500
1000
11500
125
26000
0
26000
130
41500
0
41500
135
107000
0
107000
140
177000
0
177000
145
301500
0
301500
150
426000
0
426000
155
550500
0
550500
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.