This page reflects A 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 — A
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $120.00 (6.22 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$10.05
±8.8%
Days to Expiry
29
Calendar days
Total Call OI
3,139
Nearest expiry
Total Put OI
4,784
Nearest expiry
P/C OI Ratio
1.52
Put-heavy
Spot Price
$113.78
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
$115.00
4/17/2026, 11:00:58 PM
2026-05-15
$115.00
5/15/2026, 11:00:57 PM
2026-06-18NextUpdated
$120.00
5/20/2026, 11:00:58 PM
2026-07-17
$115.00
5/20/2026, 11:00:58 PM
2026-08-21
$120.00
5/20/2026, 11:00:58 PM
2026-09-18
$125.00
5/20/2026, 11:00:58 PM
2026-11-20
$125.00
5/20/2026, 11:00:58 PM
2026-12-18
$125.00
5/20/2026, 11:00:58 PM
2027-01-15
$110.00
5/20/2026, 11:00:58 PM
2027-03-19
$115.00
5/20/2026, 11:00:58 PM
Selected expiration: 2026-06-18 at max pain $120.00.
A pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
24524500
24524500
60
1500
22133500
22135000
65
3000
19743000
19746000
70
4500
17353500
17358000
75
6000
14964000
14970000
80
7500
12575000
12582500
85
12500
10190500
10203000
90
17500
7810500
7828000
95
22500
5443500
5466000
100
28000
3102000
3130000
105
33500
2356500
2390000
110
41500
1690500
1732000
115
62000
1134500
1196500
120
480500
683000
1163500
125
1216500
304500
1521000
130
2122500
138000
2260500
135
3319000
4000
3323000
140
4581500
3000
4584500
145
5872500
2000
5874500
150
7179500
1000
7180500
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.