Nearest listed expiration 2026-05-22 shows max pain at $50.50 (0.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.50
Nearest expiry
Expected Move
±$1.03
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
73,439
Nearest expiry
Total Put OI
57,950
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$50.70
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
$52.50
5/8/2026, 11:04:34 PM
2026-05-15
$51.00
5/15/2026, 11:05:46 PM
2026-05-22NextUpdated
$50.50
5/19/2026, 11:06:43 PM
2026-05-29
$51.00
5/19/2026, 11:06:43 PM
2026-06-05
$51.00
5/19/2026, 11:06:43 PM
2026-06-12
$50.00
5/19/2026, 11:06:43 PM
2026-06-18
$48.00
5/19/2026, 11:06:43 PM
2026-06-26
$49.00
5/19/2026, 11:06:43 PM
2026-07-17
$50.00
5/19/2026, 11:06:43 PM
2026-08-21
$52.50
5/19/2026, 11:06:43 PM
2026-09-18
$50.00
5/19/2026, 11:06:43 PM
2026-10-16
$52.50
5/19/2026, 11:06:43 PM
2026-11-20
$50.00
5/19/2026, 11:06:43 PM
2026-12-18
$42.00
5/19/2026, 11:06:43 PM
2027-01-15
$50.00
5/19/2026, 11:06:43 PM
2027-03-19
$55.00
5/19/2026, 11:06:43 PM
2027-04-16
$52.50
5/19/2026, 11:06:43 PM
Selected expiration: 2026-05-22 at max pain $50.50.
BAC pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
129461600
129461600
35
500
95450600
95451100
38
2300
75044000
75046300
39
2900
68242200
68245100
40
3500
61441000
61444500
41
4500
54666700
54671200
42
6900
47898900
47905800
43
11700
41141200
41152900
44
18300
34398900
34417200
45
25200
27833700
27858900
45.5
32500
24788650
24821150
46
39800
21749900
21789700
46.5
48600
18836850
18885450
47
57400
15972150
16029550
47.5
76450
13159700
13236150
48
95850
10404600
10500450
48.5
122300
7726250
7848550
49
155750
5838350
5994100
49.5
204600
4205350
4409950
50
297300
2726850
3024150
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.