What is AMAT max pain this week?

AMAT max pain for the nearest expiration (2026-05-22) is $422.50. Total call open interest: 18,969. Total put open interest: 20,987.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options AMATMax Pain

AMAT

Applied Materials, Inc.Close $426.85EOD only

Max Pain

$422.50

Next expiry May 22, 2026

Expected Move

±$19.25

4.5% from close

Price Gap

-4.35

Distance to max pain

IV Rank

Low premium

P/C OI

1.00

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects AMAT 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 — AMAT

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $422.50 (4.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$422.50

Nearest expiry

Expected Move

±$19.25

±4.5%

Days to Expiry

Calendar days

Total Call OI

18,969

Nearest expiry

Total Put OI

20,987

Nearest expiry

P/C OI Ratio

1.11

Put-heavy

Spot Price

$426.85

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	$397.50	5/8/2026, 11:03:14 PM
2026-05-15	$405.00	5/15/2026, 11:03:29 PM
2026-05-22NextUpdated	$422.50	5/20/2026, 11:02:44 PM
2026-05-29	$430.00	5/20/2026, 11:02:44 PM
2026-06-05	$405.00	5/20/2026, 11:02:44 PM
2026-06-12	$420.00	5/20/2026, 11:02:44 PM
2026-06-18	$300.00	5/20/2026, 11:02:44 PM
2026-06-26	$400.00	5/20/2026, 11:02:44 PM
2026-07-17	$370.00	5/20/2026, 11:02:44 PM
2026-08-21	$400.00	5/20/2026, 11:02:44 PM
2026-09-18	$300.00	5/20/2026, 11:02:44 PM
2026-10-16	$410.00	5/20/2026, 11:02:44 PM
2026-11-20	$360.00	5/20/2026, 11:02:44 PM
2026-12-18	$270.00	5/20/2026, 11:02:44 PM
2027-01-15	$230.00	5/20/2026, 11:02:44 PM
2027-02-19	$430.00	5/20/2026, 11:02:44 PM
2027-03-19	$380.00	5/20/2026, 11:02:44 PM

Selected expiration: 2026-05-22 at max pain $422.50.

AMAT pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
185	0	354559250	354559250
190	1500	344089750	344091250
195	4000	333676750	333680750
200	6500	323339250	323345750
205	9500	313295250	313304750
210	12500	303279250	303291750
215	18500	293360750	293379250
220	24500	283460250	283484750
225	113000	273653250	273766250
230	202000	263848750	264050750
235	292500	254418750	254711250
240	383000	245142750	245525750
245	473500	236183250	236656750
250	564000	227350750	227914750
255	655000	218527250	219182250
260	746000	209709250	210455250
265	837000	200941250	201778250
270	962500	192175750	193138250
275	1089000	183422250	184511250
280	1216000	174894250	176110250

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.