This page reflects ALL 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 — ALL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $210.00 (11.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$11.75
±5.3%
Days to Expiry
29
Calendar days
Total Call OI
4,166
Nearest expiry
Total Put OI
5,539
Nearest expiry
P/C OI Ratio
1.33
Put-heavy
Spot Price
$221.98
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
$200.00
4/17/2026, 11:03:32 PM
2026-05-15
$210.00
5/15/2026, 11:02:09 PM
2026-06-18NextUpdated
$210.00
5/20/2026, 11:01:54 PM
2026-07-17
$210.00
5/20/2026, 11:01:54 PM
2026-09-18
$210.00
5/20/2026, 11:01:54 PM
2026-10-16
$210.00
5/20/2026, 11:01:54 PM
2026-12-18
$200.00
5/20/2026, 11:01:54 PM
2027-01-15
$200.00
5/20/2026, 11:01:54 PM
2027-03-19
$210.00
5/20/2026, 11:01:54 PM
Selected expiration: 2026-06-18 at max pain $210.00.
ALL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
54105500
54105500
110
0
48566500
48566500
115
0
45798500
45798500
120
500
43102000
43102500
125
6000
40463500
40469500
130
11500
37825000
37836500
135
22500
35189000
35211500
140
38500
32556000
32594500
145
54500
29923000
29977500
150
75500
27294000
27369500
155
99500
24697000
24796500
160
133500
22114500
22248000
165
171000
19545500
19716500
170
211000
16987500
17198500
175
254000
14462500
14716500
180
297000
11968500
12265500
185
341500
9727500
10069000
190
388000
7602500
7990500
195
483500
5618000
6101500
200
593500
3775000
4368500
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.