This page reflects ATI 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 — ATI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $150.00 (3.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$16.30
±10.6%
Days to Expiry
29
Calendar days
Total Call OI
10,810
Nearest expiry
Total Put OI
541
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$153.73
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
$125.00
4/17/2026, 11:03:48 PM
2026-05-15
$130.00
5/15/2026, 11:04:14 PM
2026-06-18NextUpdated
$150.00
5/20/2026, 11:04:48 PM
2026-07-17
$130.00
5/20/2026, 11:04:48 PM
2026-08-21
$135.00
5/20/2026, 11:04:48 PM
2026-10-16
$135.00
5/20/2026, 11:04:48 PM
2026-11-20
$145.00
5/20/2026, 11:04:48 PM
2027-01-15
$140.00
5/20/2026, 11:04:48 PM
Selected expiration: 2026-06-18 at max pain $150.00.
ATI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
2097500
2097500
110
0
1559500
1559500
115
1000
1311000
1312000
120
3000
1076500
1079500
125
5000
862000
867000
130
7000
653500
660500
135
9000
465000
474000
140
36000
312000
348000
145
88500
182000
270500
150
142500
91500
234000
155
267000
45000
312000
160
453500
12000
465500
165
2014000
0
2014000
170
3684500
0
3684500
175
5736500
0
5736500
180
8610000
0
8610000
185
12356500
0
12356500
190
16225500
0
16225500
195
20721000
0
20721000
200
25219500
0
25219500
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.