This page reflects USAR 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 — USAR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $24.00 (1.43 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$1.70
±7.5%
Days to Expiry
2
Calendar days
Total Call OI
18,648
Nearest expiry
Total Put OI
19,476
Nearest expiry
P/C OI Ratio
1.04
Put-heavy
Spot Price
$22.57
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$23.50
5/8/2026, 11:33:06 PM
2026-05-15
$22.00
5/15/2026, 11:45:48 PM
2026-05-22NextUpdated
$24.00
5/20/2026, 11:37:29 PM
2026-05-29
$24.00
5/20/2026, 11:37:29 PM
2026-06-05
$22.00
5/20/2026, 11:37:29 PM
2026-06-12
$23.00
5/20/2026, 11:37:29 PM
2026-06-18
$22.00
5/20/2026, 11:37:29 PM
2026-06-26
$22.00
5/20/2026, 11:37:29 PM
2026-07-17
$22.00
5/20/2026, 11:37:29 PM
2026-09-18
$20.00
5/20/2026, 11:37:29 PM
2026-12-18
$25.00
5/20/2026, 11:37:29 PM
2027-01-15
$20.00
5/20/2026, 11:37:29 PM
Selected expiration: 2026-05-22 at max pain $24.00.
USAR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
32821850
32821850
8
900
26979050
26979950
9
1600
25031450
25033050
10
2400
23083850
23086250
10.5
2850
22112450
22115300
11
3450
21141200
21144650
11.5
4100
20170050
20174150
12
4950
19200850
19205800
12.5
5900
18232500
18238400
13
6850
17265800
17272650
13.5
7950
16299450
16307400
14
9250
15333300
15342550
14.5
11100
14369100
14380200
15
12950
13413200
13426150
15.5
15150
12462050
12477200
16
17550
11512000
11529550
16.5
20500
10572400
10592900
17
25600
9635100
9660700
17.5
33200
8709900
8743100
18
42150
7852550
7894700
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.