This page reflects VSEC 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 — VSEC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $195.00 (24.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$195.00
Nearest expiry
Expected Move
±$22.85
±13.4%
Days to Expiry
29
Calendar days
Total Call OI
590
Nearest expiry
Total Put OI
868
Nearest expiry
P/C OI Ratio
1.47
Put-heavy
Spot Price
$170.49
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
$200.00
4/17/2026, 11:29:36 PM
2026-05-15
$175.00
5/15/2026, 11:43:46 PM
2026-06-18NextUpdated
$195.00
5/20/2026, 11:38:26 PM
2026-07-17
$185.00
5/20/2026, 11:38:26 PM
2026-10-16
$195.00
5/20/2026, 11:38:26 PM
Selected expiration: 2026-06-18 at max pain $195.00.
VSEC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
4216500
4216500
120
0
3783000
3783000
125
0
3350000
3350000
130
0
2917500
2917500
135
0
2490000
2490000
140
0
2114000
2114000
145
0
1740000
1740000
150
0
1441500
1441500
155
0
1144000
1144000
165
2000
562000
564000
170
3000
339000
342000
175
4500
217000
221500
180
6000
145000
151000
185
11000
98000
109000
190
21000
52000
73000
195
32000
29500
61500
200
43000
19000
62000
210
166000
0
166000
220
392000
0
392000
230
819000
0
819000
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.