Nearest listed expiration 2026-05-22 shows max pain at $1482.50 (67.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1482.50
Nearest expiry
Expected Move
±$59.25
±3.8%
Days to Expiry
2
Calendar days
Total Call OI
10,997
Nearest expiry
Total Put OI
12,798
Nearest expiry
P/C OI Ratio
1.16
Put-heavy
Spot Price
$1550.13
Published close
Consensus
4.0/10
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
$1450.00
5/8/2026, 11:04:17 PM
2026-05-15
$1480.00
5/15/2026, 11:07:06 PM
2026-05-22NextUpdated
$1482.50
5/20/2026, 11:04:15 PM
2026-05-29
$1455.00
5/20/2026, 11:04:15 PM
2026-06-05
$1460.00
5/20/2026, 11:04:15 PM
2026-06-12
$1550.00
5/20/2026, 11:04:15 PM
2026-06-18
$1440.00
5/20/2026, 11:04:15 PM
2026-06-26
$1390.00
5/20/2026, 11:04:15 PM
2026-07-17
$1420.00
5/20/2026, 11:04:15 PM
2026-08-21
$1400.00
5/20/2026, 11:04:15 PM
2026-09-18
$1300.00
5/20/2026, 11:04:15 PM
2026-10-16
$1400.00
5/20/2026, 11:04:15 PM
2026-11-20
$1480.00
5/20/2026, 11:04:15 PM
2026-12-18
$1140.00
5/20/2026, 11:04:15 PM
2027-01-15
$880.00
5/20/2026, 11:04:15 PM
2027-03-19
$1480.00
5/20/2026, 11:04:15 PM
Selected expiration: 2026-05-22 at max pain $1482.50.
ASML pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
720
0
654872750
654872750
730
0
642076750
642076750
740
0
629300750
629300750
750
0
616566750
616566750
760
0
603875750
603875750
770
1000
591200750
591201750
780
2000
578572750
578574750
790
15000
565967750
565982750
800
28000
553662750
553690750
810
43000
541591750
541634750
820
58000
529561750
529619750
830
75000
517573750
517648750
840
92000
505624750
505716750
850
113000
493716750
493829750
860
134000
481897750
482031750
870
155000
470088750
470243750
880
176000
458320750
458496750
890
197000
446580750
446777750
900
218000
434868750
435086750
910
240000
423439750
423679750
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.