This page reflects ABR 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 — ABR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $7.00 (1.22 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.40
±6.9%
Days to Expiry
2
Calendar days
Total Call OI
2,251
Nearest expiry
Total Put OI
3,927
Nearest expiry
P/C OI Ratio
1.74
Put-heavy
Spot Price
$5.78
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
$8.00
5/8/2026, 11:01:03 PM
2026-05-15
$8.00
5/15/2026, 11:01:05 PM
2026-05-22NextUpdated
$7.00
5/20/2026, 11:01:16 PM
2026-05-29
$6.50
5/20/2026, 11:01:16 PM
2026-06-05
$4.00
5/20/2026, 11:01:16 PM
2026-06-12
$3.50
5/20/2026, 11:01:16 PM
2026-06-18
$6.00
5/20/2026, 11:01:16 PM
2026-06-26
$1.00
5/20/2026, 11:01:16 PM
2026-07-17
$9.00
5/20/2026, 11:01:16 PM
2026-08-21
$10.00
5/20/2026, 11:01:16 PM
2026-10-16
$10.00
5/20/2026, 11:01:16 PM
2027-01-15
$10.00
5/20/2026, 11:01:16 PM
Selected expiration: 2026-05-22 at max pain $7.00.
ABR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2128450
2128450
2
1100
1735750
1736850
3
2200
1343050
1345250
3.5
3200
1146700
1149900
4
4300
950350
954650
5
7900
557650
565550
5.5
10750
361450
372200
6
13650
180450
194100
6.5
38900
111500
150400
7
81900
50600
132500
7.5
131000
29500
160500
8
183250
18800
202050
8.5
266650
14300
280950
9
370250
10200
380450
9.5
482450
8750
491200
10
594750
7450
602200
10.5
707050
6300
713350
11
819350
5200
824550
11.5
931650
4300
935950
12.5
1156250
2600
1158850
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.