This page reflects AZO 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 — AZO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $3500.00 (80.64 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3500.00
Nearest expiry
Expected Move
±$270.85
±7.9%
Days to Expiry
29
Calendar days
Total Call OI
2,987
Nearest expiry
Total Put OI
1,194
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$3419.36
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
$3450.00
4/17/2026, 11:04:25 PM
2026-05-15
$3500.00
5/15/2026, 11:06:19 PM
2026-06-18NextUpdated
$3500.00
5/20/2026, 11:05:24 PM
2026-07-17
$3200.00
5/20/2026, 11:05:24 PM
2026-09-18
$3300.00
5/20/2026, 11:05:24 PM
2026-12-18
$3800.00
5/20/2026, 11:05:24 PM
2027-01-15
$3700.00
5/20/2026, 11:05:24 PM
2027-03-19
$3550.00
5/20/2026, 11:05:24 PM
Selected expiration: 2026-06-18 at max pain $3500.00.
AZO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1840
0
149507000
149507000
1860
2000
147207000
147209000
1880
8000
144957000
144965000
1900
20000
142749000
142769000
1920
36000
140597000
140633000
1940
54000
138451000
138505000
1960
74000
136309000
136383000
1980
98000
134169000
134267000
2000
130000
132031000
132161000
2020
166000
129915000
130081000
2040
202000
127801000
128003000
2060
238000
125687000
125925000
2080
282000
123579000
123861000
2100
326000
121475000
121801000
2120
374000
119373000
119747000
2140
428000
117275000
117703000
2160
482000
115177000
115659000
2180
538000
113079000
113617000
2200
600000
110983000
111583000
2220
662000
108891000
109553000
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.