This page reflects VNDA 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 — VNDA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $6.00 (0.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.80
±12.9%
Days to Expiry
29
Calendar days
Total Call OI
8,201
Nearest expiry
Total Put OI
637
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$6.18
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
$7.00
4/17/2026, 11:29:40 PM
2026-05-15
$6.00
5/15/2026, 11:46:03 PM
2026-06-18NextUpdated
$6.00
5/20/2026, 11:38:04 PM
2026-09-18
$8.00
5/20/2026, 11:38:04 PM
2026-12-18
$3.00
5/20/2026, 11:38:04 PM
Selected expiration: 2026-06-18 at max pain $6.00.
VNDA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
394400
394400
2
12700
330900
343600
3
25600
267400
293000
4
42500
204300
246800
5
59400
141200
200600
6
76500
78100
154600
7
166000
22600
188600
8
380100
10000
390100
9
949100
5000
954100
10
1603800
0
1603800
11
2401500
0
2401500
12
3200100
0
3200100
13
4003800
0
4003800
14
4807500
0
4807500
15
5611200
0
5611200
17
7251200
0
7251200
18
8071200
0
8071200
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.