This page reflects YPF 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 — YPF
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $43.00 (4.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.00
Nearest expiry
Expected Move
±$4.60
±9.8%
Days to Expiry
29
Calendar days
Total Call OI
26,717
Nearest expiry
Total Put OI
2,243
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$47.07
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
$37.00
4/17/2026, 11:34:15 PM
2026-05-15
$42.00
5/15/2026, 11:48:32 PM
2026-06-18NextUpdated
$43.00
5/20/2026, 11:39:36 PM
2026-07-17
$40.00
5/20/2026, 11:39:36 PM
2026-10-16
$43.00
5/20/2026, 11:39:36 PM
2027-01-15
$35.00
5/20/2026, 11:39:36 PM
Selected expiration: 2026-06-18 at max pain $43.00.
YPF pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
2389500
2389500
34
0
1493100
1493100
35
0
1276000
1276000
36
0
1060400
1060400
37
0
856800
856800
38
300
654100
654400
39
1300
491600
492900
40
2400
375300
377700
41
15500
271000
286500
42
38600
184400
223000
43
76800
122200
199000
44
142900
73200
216100
45
254100
40000
294100
46
1169100
26300
1195400
47
2181400
17900
2199300
48
4081100
10200
4091300
49
6013600
5100
6018700
50
8110300
0
8110300
55
21167300
0
21167300
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.