This page reflects VISN 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 — VISN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $12.00 (0.37 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$1.07
±9.2%
Days to Expiry
29
Calendar days
Total Call OI
7,937
Nearest expiry
Total Put OI
5,722
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$11.63
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
$18.00
4/17/2026, 11:31:06 PM
2026-05-15
$12.00
5/15/2026, 11:42:52 PM
2026-06-18NextUpdated
$12.00
5/20/2026, 11:39:20 PM
2026-07-17
$13.00
5/20/2026, 11:39:20 PM
2026-08-21
$17.00
5/20/2026, 11:39:20 PM
2026-11-20
$19.00
5/20/2026, 11:39:20 PM
2027-01-15
$10.00
5/20/2026, 11:39:20 PM
Selected expiration: 2026-06-18 at max pain $12.00.
VISN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
1130300
1130300
11
1400
558500
559900
12
4500
21400
25900
13
13000
17900
30900
14
267000
14500
281500
15
604000
11100
615100
16
1164300
7700
1172000
17
1949600
4300
1953900
18
2735300
900
2736200
19
3521000
0
3521000
20
4308000
0
4308000
21
5099700
0
5099700
22
5892100
0
5892100
24
7477100
0
7477100
25
8269600
0
8269600
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.