The Bank of New York Mellon CorClose $137.16EOD only
Max Pain
$125.00
Next expiry Jun 18, 2026
Expected Move
±$8.43
6.1% from close
Price Gap
-12.16
Distance to max pain
IV Rank
22
Low premium
P/C OI
1.93
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects BK 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 — BK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $125.00 (12.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$8.43
±6.1%
Days to Expiry
29
Calendar days
Total Call OI
13,979
Nearest expiry
Total Put OI
35,880
Nearest expiry
P/C OI Ratio
2.57
Put-heavy
Spot Price
$137.16
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
$120.00
4/17/2026, 11:06:35 PM
2026-05-15
$130.00
5/15/2026, 11:06:04 PM
2026-06-18NextUpdated
$125.00
5/20/2026, 11:05:46 PM
2026-07-17
$135.00
5/20/2026, 11:05:46 PM
2026-09-18
$120.00
5/20/2026, 11:05:46 PM
2026-12-18
$95.00
5/20/2026, 11:05:46 PM
2027-01-15
$105.00
5/20/2026, 11:05:46 PM
2027-03-19
$135.00
5/20/2026, 11:05:46 PM
Selected expiration: 2026-06-18 at max pain $125.00.
BK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
278955250
278955250
40
0
269985250
269985250
42.5
0
261017000
261017000
50
0
234119750
234119750
55
0
216188250
216188250
60
6000
198261750
198267750
65
12000
180340250
180352250
67.5
16750
171379500
171396250
70
21500
162419500
162441000
72.5
125500
153473000
153598500
75
230000
144532000
144762000
77.5
336500
135612250
135948750
80
443000
126725750
127168750
82.5
554000
117896500
118450500
85
669500
109067250
109736750
87.5
924750
100384000
101308750
90
1182750
91700750
92883500
92.5
1637500
83271000
84908500
95
2109750
74841250
76951000
97.5
2594250
66829750
69424000
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.