This page reflects VRSK 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 — VRSK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $170.00 (0.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$14.45
±8.5%
Days to Expiry
29
Calendar days
Total Call OI
7,762
Nearest expiry
Total Put OI
5,532
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$170.66
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
$190.00
4/17/2026, 11:34:24 PM
2026-05-15
$165.00
5/15/2026, 11:43:55 PM
2026-06-18NextUpdated
$170.00
5/20/2026, 11:41:10 PM
2026-07-17
$180.00
5/20/2026, 11:41:10 PM
2026-09-18
$190.00
5/20/2026, 11:41:10 PM
2026-12-18
$190.00
5/20/2026, 11:41:10 PM
Selected expiration: 2026-06-18 at max pain $170.00.
VRSK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
27242000
27242000
105
0
24482000
24482000
110
0
21722500
21722500
120
0
16205500
16205500
130
0
10688500
10688500
135
0
7931500
7931500
140
0
5189000
5189000
145
0
2773000
2773000
150
0
2360000
2360000
155
2000
1990500
1992500
160
33500
1674500
1708000
165
86000
1394000
1480000
170
148000
1151000
1299000
175
343500
959500
1303000
180
805500
781500
1587000
185
1350000
623500
1973500
190
1919500
487500
2407000
195
5421000
353000
5774000
200
8948000
238000
9186000
210
16057000
8000
16065000
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.