This page reflects ZEPP 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 — ZEPP
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $15.00 (5.78 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.60
±17.4%
Days to Expiry
30
Calendar days
Total Call OI
907
Nearest expiry
Total Put OI
154
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$9.22
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
$15.00
4/17/2026, 11:34:14 PM
2026-05-15
$12.50
5/15/2026, 11:47:54 PM
2026-06-18NextUpdated
$15.00
5/19/2026, 11:39:25 PM
2026-09-18
$12.50
5/19/2026, 11:39:25 PM
2026-12-18
$10.00
5/19/2026, 11:39:25 PM
Selected expiration: 2026-06-18 at max pain $15.00.
ZEPP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
255750
255750
12.5
0
225000
225000
15
18250
196000
214250
17.5
112250
169000
281250
20
219500
142000
361500
22.5
410250
115000
525250
25
601000
88000
689000
30
992500
58500
1051000
35
1443500
29000
1472500
40
1894500
25000
1919500
45
2346000
21500
2367500
50
2799000
18000
2817000
60
3705000
11000
3716000
65
4158000
7500
4165500
75
5065000
500
5065500
80
5518500
0
5518500
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.