thetaOwl
HomeOptionsAAPLMax Pain

AAPL

Apple Inc.Close $298.97EOD only
Max Pain
$295.00
Next expiry May 20, 2026
Expected Move
±$3.02
1.0% from close
Price Gap
-3.97
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: May 19, 2026 close
End-of-day snapshot

This page reflects AAPL 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 — AAPL
Data as of market close May 19, 2026
Open Directional Report

Nearest listed expiration 2026-05-20 shows max pain at $295.00 (3.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$295.00
Nearest expiry
Expected Move
±$3.02
±1.0%
Days to Expiry
1
Calendar days
Total Call OI
74,196
Nearest expiry
Total Put OI
26,451
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$298.97
Published close
Consensus
8.0/10
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-20
ExpirationMax Pain StrikeLast Updated
2026-05-15$280.005/15/2026, 11:01:37 PM
2026-05-18$295.005/15/2026, 11:01:37 PM
2026-05-20NextUpdated$295.005/19/2026, 11:01:31 PM
2026-05-22$292.505/19/2026, 11:01:31 PM
2026-05-26$285.005/19/2026, 11:01:31 PM
2026-05-27$297.505/19/2026, 11:01:31 PM
2026-05-29$282.505/19/2026, 11:01:31 PM
2026-06-05$285.005/19/2026, 11:01:31 PM
2026-06-12$290.005/19/2026, 11:01:31 PM
2026-06-18$250.005/19/2026, 11:01:31 PM
2026-06-26$290.005/19/2026, 11:01:31 PM
2026-07-17$260.005/19/2026, 11:01:31 PM
2026-08-21$275.005/19/2026, 11:01:31 PM
2026-09-18$260.005/19/2026, 11:01:31 PM
2026-10-16$270.005/19/2026, 11:01:31 PM
2026-11-20$265.005/19/2026, 11:01:31 PM
2026-12-18$250.005/19/2026, 11:01:31 PM
2027-01-15$240.005/19/2026, 11:01:31 PM
2027-02-19$280.005/19/2026, 11:01:31 PM
2027-03-19$260.005/19/2026, 11:01:31 PM
Selected expiration: 2026-05-20 at max pain $295.00.
AAPL pain by strike for 2026-05-20 expiration
StrikeCall PainPut PainTotal Pain
2100215469500215469500
2150202250000202250000
2200189031000189031000
2259500175813500175823000
23019000162600000162619000
23528500149413500149442000
24038000136244500136282500
24547500123079500123127000
247.567250116499500116566750
25087000109929250110016250
252.5108500103379500103488000
2551300009683350096963500
257.51542509029175090446000
2601785008375850083937000
262.52095007723500077444500
2652452507072825070973500
267.52955006423525064530750
2703457505779550058141250
272.53987505139875051797500
2754607504507875045539500
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.