This page reflects VOYA 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 — VOYA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $77.50 (4.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$6.05
±7.3%
Days to Expiry
29
Calendar days
Total Call OI
4,221
Nearest expiry
Total Put OI
46
Nearest expiry
P/C OI Ratio
0.01
Put-heavy
Spot Price
$82.37
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
$70.00
4/17/2026, 11:29:42 PM
2026-05-15
$72.50
5/15/2026, 11:46:18 PM
2026-06-18NextUpdated
$77.50
5/20/2026, 11:36:50 PM
2026-07-17
$80.00
5/20/2026, 11:36:50 PM
2026-08-21
$75.00
5/20/2026, 11:36:50 PM
2026-11-20
$75.00
5/20/2026, 11:36:50 PM
Selected expiration: 2026-06-18 at max pain $77.50.
VOYA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
76250
76250
65
0
54250
54250
70
500
33750
34250
72.5
750
23500
24250
75
1000
16250
17250
77.5
4250
10000
14250
80
13000
6500
19500
82.5
28750
3250
32000
85
375500
2000
377500
87.5
853500
1750
855250
90
1769500
1500
1771000
100
5440500
500
5441000
105
7551000
0
7551000
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.