This page reflects BB 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 — BB
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $6.00 (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
$6.00
Nearest expiry
Expected Move
±$0.37
±5.9%
Days to Expiry
2
Calendar days
Total Call OI
23,658
Nearest expiry
Total Put OI
17,113
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$6.20
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
$6.00
5/8/2026, 11:05:46 PM
2026-05-15
$5.00
5/15/2026, 11:06:52 PM
2026-05-22NextUpdated
$6.00
5/20/2026, 11:05:40 PM
2026-05-29
$5.50
5/20/2026, 11:05:40 PM
2026-06-05
$6.00
5/20/2026, 11:05:40 PM
2026-06-12
$5.50
5/20/2026, 11:05:40 PM
2026-06-18
$4.00
5/20/2026, 11:05:40 PM
2026-06-26
$6.00
5/20/2026, 11:05:40 PM
2026-07-17
$6.00
5/20/2026, 11:05:40 PM
2026-08-21
$6.00
5/20/2026, 11:05:40 PM
2026-09-18
$4.50
5/20/2026, 11:05:40 PM
2026-12-18
$5.00
5/20/2026, 11:05:40 PM
2027-01-15
$3.50
5/20/2026, 11:05:40 PM
Selected expiration: 2026-05-22 at max pain $6.00.
BB pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
8233550
8233550
1
28550
7378100
7406650
1.5
64900
6526850
6591750
2
121200
5679000
5800200
2.5
184450
4834100
5018550
3
248050
3989350
4237400
3.5
313450
3144700
3458150
4
379550
2301700
2681250
4.5
450600
1471850
1922450
5
525050
810650
1335700
5.5
627100
480650
1107750
6
739450
181850
921300
6.5
928300
13850
942150
7
1395350
3950
1399300
7.5
2110050
2050
2112100
8
3169450
1100
3170550
8.5
4310800
450
4311250
9
5464600
100
5464700
9.5
6636400
0
6636400
10
7809000
0
7809000
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.