This page reflects XIFR 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 — XIFR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $11.00 (0.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$1.10
±9.8%
Days to Expiry
29
Calendar days
Total Call OI
9,391
Nearest expiry
Total Put OI
1,822
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$11.28
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
$10.00
4/17/2026, 11:34:33 PM
2026-05-15
$10.00
5/15/2026, 11:47:19 PM
2026-06-18NextUpdated
$11.00
5/20/2026, 11:41:14 PM
2026-07-17
$11.00
5/20/2026, 11:41:14 PM
2026-10-16
$11.00
5/20/2026, 11:41:14 PM
2026-11-20
$11.00
5/20/2026, 11:41:14 PM
2027-01-15
$10.00
5/20/2026, 11:41:14 PM
Selected expiration: 2026-06-18 at max pain $11.00.
XIFR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
7
0
746000
746000
8
300
563800
564100
9
600
386500
387100
10
3100
216600
219700
11
14400
86100
100500
12
187300
200
187500
13
412700
100
412800
14
1334800
0
1334800
15
2273400
0
2273400
16
3212500
0
3212500
17
4151600
0
4151600
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.