This page reflects VTRS 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 — VTRS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $16.00 (0.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$1.23
±7.4%
Days to Expiry
29
Calendar days
Total Call OI
5,807
Nearest expiry
Total Put OI
7,489
Nearest expiry
P/C OI Ratio
1.29
Put-heavy
Spot Price
$16.59
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
$12.00
4/17/2026, 11:32:43 PM
2026-05-15
$15.00
5/15/2026, 11:46:10 PM
2026-06-18NextUpdated
$16.00
5/20/2026, 11:39:54 PM
2026-07-17
$14.00
5/20/2026, 11:39:54 PM
2026-10-16
$15.00
5/20/2026, 11:39:54 PM
2027-01-15
$10.00
5/20/2026, 11:39:54 PM
Selected expiration: 2026-06-18 at max pain $16.00.
VTRS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
7163000
7163000
7
100
6414100
6414200
8
300
5665200
5665500
9
600
4916300
4916900
10
1000
4167400
4168400
11
1500
3418500
3420000
12
2200
2670000
2672200
13
3300
1922700
1926000
14
4600
1199500
1204100
15
9500
655200
664700
16
202400
199900
402300
17
553600
2000
555600
18
1026800
300
1027100
19
1603000
200
1603200
20
2182600
100
2182700
21
2763300
0
2763300
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.