This page reflects VG 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 — VG
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $13.50 (0.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.50
Nearest expiry
Expected Move
±$0.77
±5.5%
Days to Expiry
2
Calendar days
Total Call OI
14,095
Nearest expiry
Total Put OI
8,018
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$14.03
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
$12.50
5/8/2026, 11:33:59 PM
2026-05-15
$12.00
5/15/2026, 11:43:39 PM
2026-05-22NextUpdated
$13.50
5/20/2026, 11:35:58 PM
2026-05-29
$13.50
5/20/2026, 11:35:58 PM
2026-06-05
$14.00
5/20/2026, 11:35:58 PM
2026-06-12
$14.00
5/20/2026, 11:35:58 PM
2026-06-18
$12.50
5/20/2026, 11:35:58 PM
2026-06-26
$13.00
5/20/2026, 11:35:58 PM
2026-07-17
$12.50
5/20/2026, 11:35:58 PM
2026-08-21
$12.50
5/20/2026, 11:35:58 PM
2026-11-20
$15.00
5/20/2026, 11:35:58 PM
2026-12-18
$10.00
5/20/2026, 11:35:58 PM
2027-01-15
$12.50
5/20/2026, 11:35:58 PM
2027-03-19
$10.00
5/20/2026, 11:35:58 PM
Selected expiration: 2026-05-22 at max pain $13.50.
VG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
7366700
7366700
4
200
6564900
6565100
5
600
5763300
5763900
6
1100
4961700
4962800
7
2000
4170200
4172200
7.5
2750
3774450
3777200
8
3750
3378700
3382450
8.5
5050
2989500
2994550
9
6500
2602350
2608850
9.5
9800
2220150
2229950
10
13800
1885900
1899700
10.5
23850
1577600
1601450
11
36050
1276600
1312650
11.5
50750
989600
1040350
12
70050
750200
820250
12.5
107950
558800
666750
13
172100
394350
566450
13.5
266450
259150
525600
14
417100
150950
568050
14.5
649650
83250
732900
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.