This page reflects XMTR 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 — XMTR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (21.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$14.25
±15.5%
Days to Expiry
29
Calendar days
Total Call OI
1,105
Nearest expiry
Total Put OI
322
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$91.79
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
$40.00
4/17/2026, 11:33:00 PM
2026-05-15
$55.00
5/15/2026, 11:47:40 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:41:17 PM
2026-07-17
$45.00
5/20/2026, 11:41:17 PM
2026-10-16
$50.00
5/20/2026, 11:41:17 PM
2026-12-18
$50.00
5/20/2026, 11:41:17 PM
Selected expiration: 2026-06-18 at max pain $70.00.
XMTR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
1422750
1422750
35
0
1021500
1021500
40
0
861500
861500
45
0
718500
718500
50
7500
577500
585000
55
19500
452500
472000
60
36000
328500
364500
65
64000
244000
308000
70
99500
166500
266000
75
282000
91500
373500
80
479500
44500
524000
85
700500
13000
713500
90
965000
2000
967000
95
1442500
1000
1443500
100
1952000
500
1952500
105
2498500
0
2498500
110
3048500
0
3048500
115
3599000
0
3599000
120
4150500
0
4150500
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.