This page reflects ZION options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — ZION
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $62.50 (0.71 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$4.00
±6.5%
Days to Expiry
28
Calendar days
Total Call OI
1,573
Nearest expiry
Total Put OI
1,896
Nearest expiry
P/C OI Ratio
1.21
Put-heavy
Spot Price
$61.79
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
$55.00
4/17/2026, 11:34:43 PM
2026-05-15
$60.00
5/15/2026, 11:47:57 PM
2026-06-18NextUpdated
$62.50
5/21/2026, 11:39:10 PM
2026-07-17
$57.50
5/21/2026, 11:39:10 PM
2026-09-18
$60.00
5/21/2026, 11:39:10 PM
2026-10-16
$60.00
5/21/2026, 11:39:10 PM
2026-11-20
$57.50
5/21/2026, 11:39:10 PM
2027-01-15
$52.50
5/21/2026, 11:39:10 PM
Selected expiration: 2026-06-18 at max pain $62.50.
ZION pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
3103000
3103000
47.5
0
2155500
2155500
50
0
1707000
1707000
52.5
0
1297750
1297750
55
2000
895500
897500
57.5
8500
533000
541500
60
18750
218250
237000
62.5
73750
11250
85000
65
193000
0
193000
67.5
514000
0
514000
70
883250
0
883250
75
1664250
0
1664250
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.