ZIM Integrated Shipping ServiceClose $25.16EOD only
Max Pain
$26.00
Next expiry May 22, 2026
Expected Move
±$0.65
2.6% from close
Price Gap
+0.84
Distance to max pain
IV Rank
5
Low premium
P/C OI
1.08
Balanced positioning
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects ZIM 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 — ZIM
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $26.00 (0.84 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$26.00
Nearest expiry
Expected Move
±$0.65
±2.6%
Days to Expiry
2
Calendar days
Total Call OI
2,581
Nearest expiry
Total Put OI
3,674
Nearest expiry
P/C OI Ratio
1.42
Put-heavy
Spot Price
$25.16
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$27.00
5/8/2026, 11:36:42 PM
2026-05-15
$27.00
5/15/2026, 11:48:16 PM
2026-05-22NextUpdated
$26.00
5/20/2026, 11:39:32 PM
2026-05-29
$26.00
5/20/2026, 11:39:32 PM
2026-06-05
$25.00
5/20/2026, 11:39:32 PM
2026-06-12
$27.00
5/20/2026, 11:39:32 PM
2026-06-18
$24.16
5/20/2026, 11:39:32 PM
2026-07-17
$28.00
5/20/2026, 11:39:32 PM
2026-09-18
$27.00
5/20/2026, 11:39:32 PM
2026-10-16
$27.00
5/20/2026, 11:39:32 PM
2026-12-18
$27.00
5/20/2026, 11:39:32 PM
2027-01-15
$24.16
5/20/2026, 11:39:32 PM
Selected expiration: 2026-05-22 at max pain $26.00.
ZIM pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
2514550
2514550
20
0
1781750
1781750
22
0
1072950
1072950
22.5
0
897250
897250
23
100
721550
721650
23.5
450
552150
552600
24
800
384500
385300
24.5
4750
260950
265700
25
8700
144750
153450
25.5
12800
80350
93150
26
19350
33500
52850
26.5
45350
18150
63500
27
95750
8900
104650
27.5
189300
400
189700
28
292350
200
292550
28.5
407900
150
408050
29
524800
100
524900
29.5
643300
50
643350
30
762450
0
762450
31
1019150
0
1019150
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.