Nearest listed expiration 2026-05-22 shows max pain at $134.00 (1.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$134.00
Nearest expiry
Expected Move
±$5.33
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
80,923
Nearest expiry
Total Put OI
22,768
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$135.64
Published close
Consensus
6.0/10
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
$134.00
5/8/2026, 11:05:47 PM
2026-05-15
$135.00
5/15/2026, 11:06:30 PM
2026-05-22NextUpdated
$134.00
5/19/2026, 11:05:06 PM
2026-05-29
$133.00
5/19/2026, 11:05:06 PM
2026-06-05
$135.00
5/19/2026, 11:05:06 PM
2026-06-12
$137.00
5/19/2026, 11:05:06 PM
2026-06-18
$145.00
5/19/2026, 11:05:06 PM
2026-06-26
$131.00
5/19/2026, 11:05:06 PM
2026-07-17
$135.00
5/19/2026, 11:05:06 PM
2026-08-21
$135.00
5/19/2026, 11:05:06 PM
2026-09-18
$145.00
5/19/2026, 11:05:06 PM
2026-10-16
$140.00
5/19/2026, 11:05:06 PM
2026-11-20
$145.00
5/19/2026, 11:05:06 PM
2026-12-18
$135.00
5/19/2026, 11:05:06 PM
2027-01-15
$140.00
5/19/2026, 11:05:06 PM
2027-03-19
$135.00
5/19/2026, 11:05:06 PM
Selected expiration: 2026-05-22 at max pain $134.00.
BABA pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
114244050
114244050
85
0
102918550
102918550
90
500
91593050
91593550
95
4000
80271550
80275550
100
7500
68954550
68962050
105
20000
57919550
57939550
110
51000
47006550
47057550
111
58100
44846350
44904450
112
65200
42688650
42753850
113
76600
40535250
40611850
114
88700
38397050
38485750
115
101200
36259550
36360750
116
115700
34180850
34296550
117
132800
32116050
32248850
118
150200
30062950
30213150
119
168200
28062150
28230350
120
197200
26073450
26270650
121
247500
24185450
24432950
122
300400
22304150
22604550
123
357100
20431850
20788950
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.