This page reflects VICI 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 — VICI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $27.50 (0.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.50
Nearest expiry
Expected Move
±$1.65
±5.8%
Days to Expiry
29
Calendar days
Total Call OI
36,380
Nearest expiry
Total Put OI
13,906
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$28.40
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
$27.50
4/17/2026, 11:28:57 PM
2026-05-15
$27.50
5/15/2026, 11:44:01 PM
2026-06-18NextUpdated
$27.50
5/20/2026, 11:34:26 PM
2026-07-17
$27.50
5/20/2026, 11:34:26 PM
2026-09-18
$27.50
5/20/2026, 11:34:26 PM
2026-12-18
$30.00
5/20/2026, 11:34:26 PM
2027-01-15
$30.00
5/20/2026, 11:34:26 PM
2027-03-19
$30.00
5/20/2026, 11:34:26 PM
Selected expiration: 2026-06-18 at max pain $27.50.
VICI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
15826000
15826000
17.5
0
12349500
12349500
20
0
8873000
8873000
22.5
1000
5402000
5403000
25
4750
1954500
1959250
27.5
23750
164000
187750
30
171500
44750
216250
32.5
5415000
10000
5425000
35
11056750
6000
11062750
37.5
20150250
3250
20153500
40
29245250
1250
29246500
42.5
38340250
0
38340250
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.