Advanced Drainage Systems, Inc.Close $131.59EOD only
Max Pain
$140.00
Next expiry Jun 18, 2026
Expected Move
±$16.25
12.3% from close
Price Gap
+8.41
Distance to max pain
IV Rank
15
Low premium
P/C OI
0.85
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 19, 2026 close
End-of-day snapshot
This page reflects WMS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — WMS
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $140.00 (8.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$16.25
±12.3%
Days to Expiry
30
Calendar days
Total Call OI
5,109
Nearest expiry
Total Put OI
4,936
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$131.59
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
$140.00
4/17/2026, 11:34:06 PM
2026-05-15
$150.00
5/15/2026, 11:47:21 PM
2026-06-18NextUpdated
$140.00
5/19/2026, 11:39:17 PM
2026-09-18
$140.00
5/19/2026, 11:39:17 PM
2026-12-18
$140.00
5/19/2026, 11:39:17 PM
Selected expiration: 2026-06-18 at max pain $140.00.
WMS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
22696500
22696500
80
0
20229500
20229500
85
0
17763500
17763500
90
0
15300500
15300500
95
0
12839000
12839000
100
0
10378500
10378500
105
0
7918000
7918000
110
0
6004500
6004500
115
0
4521000
4521000
120
0
3042000
3042000
125
0
1590500
1590500
130
0
683500
683500
135
97500
208000
305500
140
195500
35500
231000
145
859000
24500
883500
150
1971500
13500
1985000
155
3231000
7500
3238500
160
4757000
6000
4763000
165
6296500
4500
6301000
170
8380000
3000
8383000
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.