This page reflects B 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 — B
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $41.50 (0.56 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$41.50
Nearest expiry
Expected Move
±$1.45
±3.5%
Days to Expiry
2
Calendar days
Total Call OI
10,666
Nearest expiry
Total Put OI
3,867
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$40.94
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
$40.00
5/8/2026, 11:05:30 PM
2026-05-15
$40.00
5/15/2026, 11:05:04 PM
2026-05-22NextUpdated
$41.50
5/20/2026, 11:04:47 PM
2026-05-29
$41.50
5/20/2026, 11:04:47 PM
2026-06-05
$40.00
5/20/2026, 11:04:47 PM
2026-06-12
$43.00
5/20/2026, 11:04:47 PM
2026-06-18
$39.00
5/20/2026, 11:04:47 PM
2026-06-26
$42.00
5/20/2026, 11:04:47 PM
2026-07-17
$42.00
5/20/2026, 11:04:47 PM
2026-09-18
$37.00
5/20/2026, 11:04:47 PM
2026-10-16
$40.00
5/20/2026, 11:04:47 PM
2026-12-18
$30.00
5/20/2026, 11:04:47 PM
2027-01-15
$30.00
5/20/2026, 11:04:47 PM
2027-03-19
$45.00
5/20/2026, 11:04:47 PM
Selected expiration: 2026-05-22 at max pain $41.50.
B pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
6195150
6195150
30
2000
4261650
4263650
31
2800
3874950
3877750
32
3600
3488750
3492350
33
4800
3103050
3107850
34
6300
2717950
2724250
34.5
7350
2526950
2534300
35
8400
2336400
2344800
36
11200
1957800
1969000
36.5
15050
1771200
1786250
37
18900
1584650
1603550
37.5
29700
1399500
1429200
38
40650
1221400
1262050
38.5
52250
1049750
1102000
39
64200
881300
945500
39.5
81850
731000
812850
40
100950
584400
685350
40.5
136150
484550
620700
41
178450
389100
567550
41.5
240200
310300
550500
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.