This page reflects VNET 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 — VNET
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $10.00 (0.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$2.02
±19.8%
Days to Expiry
29
Calendar days
Total Call OI
59,614
Nearest expiry
Total Put OI
14,115
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$10.21
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
$9.00
4/17/2026, 11:29:14 PM
2026-05-15
$9.00
5/15/2026, 11:47:20 PM
2026-06-18NextUpdated
$10.00
5/20/2026, 11:39:25 PM
2026-07-17
$8.00
5/20/2026, 11:39:25 PM
2026-09-18
$9.00
5/20/2026, 11:39:25 PM
2026-12-18
$8.00
5/20/2026, 11:39:25 PM
2027-01-15
$8.00
5/20/2026, 11:39:25 PM
Selected expiration: 2026-06-18 at max pain $10.00.
VNET pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
12221700
12221700
4
0
7987200
7987200
5
0
6575800
6575800
6
1600
5181500
5183100
7
5400
3802500
3807900
8
12300
2450200
2462500
9
45200
1145300
1190500
10
386100
436500
822600
11
1066100
48600
1114700
12
2341700
23200
2364900
13
4281600
5200
4286800
14
6437800
3600
6441400
15
8815500
2700
8818200
16
12486800
1800
12488600
17
16669700
900
16670600
18
20902900
800
20903700
19
25136100
700
25136800
20
29401700
600
29402300
21
33713300
500
33713800
22
38024900
400
38025300
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.