This page reflects UPBD 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 — UPBD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $20.00 (2.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.55
±8.8%
Days to Expiry
29
Calendar days
Total Call OI
1,604
Nearest expiry
Total Put OI
1,864
Nearest expiry
P/C OI Ratio
1.16
Put-heavy
Spot Price
$17.51
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
$17.50
4/17/2026, 11:30:51 PM
2026-05-15
$17.50
5/15/2026, 11:42:10 PM
2026-06-18NextUpdated
$20.00
5/20/2026, 11:35:45 PM
2026-07-17
$12.50
5/20/2026, 11:35:45 PM
2026-09-18
$20.00
5/20/2026, 11:35:45 PM
2026-12-18
$17.50
5/20/2026, 11:35:45 PM
Selected expiration: 2026-06-18 at max pain $20.00.
UPBD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2305250
2305250
5
250
1839250
1839500
10
1250
907250
908500
12.5
2000
566250
568250
15
3500
228000
231500
17.5
11000
64000
75000
20
46750
6000
52750
22.5
231750
750
232500
25
526500
0
526500
30
1301000
0
1301000
35
2102500
0
2102500
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.