This page reflects AXON options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — AXON
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $400.00 (10.16 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$400.00
Nearest expiry
Expected Move
±$12.15
±3.1%
Days to Expiry
1
Calendar days
Total Call OI
2,650
Nearest expiry
Total Put OI
2,293
Nearest expiry
P/C OI Ratio
0.87
Put-heavy
Spot Price
$389.84
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
$392.50
5/8/2026, 11:06:16 PM
2026-05-15
$390.00
5/15/2026, 11:04:57 PM
2026-05-22NextUpdated
$400.00
5/21/2026, 11:05:46 PM
2026-05-29
$410.00
5/21/2026, 11:05:46 PM
2026-06-05
$390.00
5/21/2026, 11:05:46 PM
2026-06-12
$400.00
5/21/2026, 11:05:46 PM
2026-06-18
$450.00
5/21/2026, 11:05:46 PM
2026-06-26
$395.00
5/21/2026, 11:05:46 PM
2026-07-17
$400.00
5/21/2026, 11:05:46 PM
2026-09-18
$450.00
5/21/2026, 11:05:46 PM
2026-12-18
$450.00
5/21/2026, 11:05:46 PM
2027-01-15
$560.00
5/21/2026, 11:05:46 PM
2027-03-19
$410.00
5/21/2026, 11:05:46 PM
Selected expiration: 2026-05-22 at max pain $400.00.
AXON pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
200
0
32586250
32586250
210
0
30294250
30294250
220
0
28003250
28003250
240
0
23425250
23425250
250
0
21149250
21149250
255
0
20135750
20135750
260
500
19122250
19122750
270
2500
17101250
17103750
275
3500
16099750
16103250
280
5000
15098250
15103250
282.5
6000
14601250
14607250
287.5
9500
13607250
13616750
290
11250
13110500
13121750
295
14750
12131000
12145750
297.5
16500
11650250
11666750
300
18750
11172750
11191500
302.5
21000
10703500
10724500
305
23500
10237000
10260500
307.5
26000
9777750
9803750
310
28500
9319250
9347750
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.