This page reflects AAP 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 — AAP
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $46.00 (3.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$46.00
Nearest expiry
Expected Move
±$6.05
±12.2%
Days to Expiry
3
Calendar days
Total Call OI
33,436
Nearest expiry
Total Put OI
2,579
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$49.53
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
$52.00
5/8/2026, 11:01:13 PM
2026-05-15
$50.00
5/15/2026, 11:01:11 PM
2026-05-22NextUpdated
$46.00
5/19/2026, 11:01:06 PM
2026-05-29
$49.00
5/19/2026, 11:01:06 PM
2026-06-05
$56.00
5/19/2026, 11:01:06 PM
2026-06-12
$50.00
5/19/2026, 11:01:06 PM
2026-06-18
$47.50
5/19/2026, 11:01:06 PM
2026-06-26
$56.00
5/19/2026, 11:01:06 PM
2026-07-17
$50.00
5/19/2026, 11:01:06 PM
2026-09-18
$50.00
5/19/2026, 11:01:06 PM
2026-12-18
$42.50
5/19/2026, 11:01:06 PM
2027-01-15
$45.00
5/19/2026, 11:01:06 PM
2027-03-19
$52.50
5/19/2026, 11:01:06 PM
Selected expiration: 2026-05-22 at max pain $46.00.
AAP pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
5144950
5144950
36
0
3611350
3611350
38
0
3111150
3111150
38.5
50
2987750
2987800
39
100
2864600
2864700
39.5
200
2742050
2742250
40
300
2621900
2622200
40.5
11250
2510250
2521500
41
22200
2400450
2422650
41.5
43900
2292650
2336550
42
65850
2186100
2251950
42.5
87900
2087450
2175350
43
110200
1989300
2099500
43.5
132500
1892600
2025100
44
154800
1796450
1951250
44.5
177100
1704700
1881800
45
199400
1614300
1813700
45.5
222050
1525300
1747350
46
244700
1437000
1681700
46.5
467500
1351100
1818600
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.