Nearest listed expiration 2026-05-20 shows max pain at $265.00 (5.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$265.00
Nearest expiry
Expected Move
±$3.68
±1.4%
Days to Expiry
1
Calendar days
Total Call OI
26,748
Nearest expiry
Total Put OI
16,659
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$259.34
Published close
Consensus
8.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-20
Expiration
Max Pain Strike
Last Updated
2026-05-15
$235.00
5/15/2026, 11:04:07 PM
2026-05-18
$265.00
5/15/2026, 11:04:07 PM
2026-05-20NextUpdated
$265.00
5/19/2026, 11:03:38 PM
2026-05-22
$260.00
5/19/2026, 11:03:38 PM
2026-05-26
$265.00
5/19/2026, 11:03:38 PM
2026-05-27
$265.00
5/19/2026, 11:03:38 PM
2026-05-29
$260.00
5/19/2026, 11:03:38 PM
2026-06-05
$270.00
5/19/2026, 11:03:38 PM
2026-06-12
$265.00
5/19/2026, 11:03:38 PM
2026-06-18
$220.00
5/19/2026, 11:03:38 PM
2026-06-26
$260.00
5/19/2026, 11:03:38 PM
2026-07-17
$240.00
5/19/2026, 11:03:38 PM
2026-08-21
$235.00
5/19/2026, 11:03:38 PM
2026-09-18
$230.00
5/19/2026, 11:03:38 PM
2026-10-16
$245.00
5/19/2026, 11:03:38 PM
2026-11-20
$235.00
5/19/2026, 11:03:38 PM
2026-12-18
$205.00
5/19/2026, 11:03:38 PM
2027-01-15
$220.00
5/19/2026, 11:03:38 PM
2027-03-19
$245.00
5/19/2026, 11:03:38 PM
Selected expiration: 2026-05-20 at max pain $265.00.
AMZN pain by strike for 2026-05-20 expiration
Strike
Call Pain
Put Pain
Total Pain
200
0
95363250
95363250
205
0
87040750
87040750
210
1500
78721750
78723250
215
4500
70404750
70409250
220
18000
62093750
62111750
225
33500
53788750
53822250
230
50000
45497250
45547250
235
93000
37232750
37325750
240
136000
28985250
29121250
242.5
159250
25006750
25166000
245
183750
21158750
21342500
247.5
215250
17365750
17581000
250
246750
14023000
14269750
252.5
568500
10937750
11506250
255
905750
8073750
8979500
257.5
1317500
5503500
6821000
260
1946250
3325750
5272000
262.5
2818000
1763500
4581500
265
3934250
610500
4544750
267.5
5746000
296500
6042500
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.