Nearest listed expiration 2026-05-22 shows max pain at $160.00 (3.05 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$4.83
±3.1%
Days to Expiry
2
Calendar days
Total Call OI
9,756
Nearest expiry
Total Put OI
6,357
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$156.95
Published close
Consensus
6.5/10
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
$170.40
5/8/2026, 11:07:41 PM
2026-05-15
$166.40
5/15/2026, 11:09:25 PM
2026-05-22NextUpdated
$160.00
5/20/2026, 11:07:41 PM
2026-05-29
$162.50
5/20/2026, 11:07:41 PM
2026-06-05
$165.00
5/20/2026, 11:07:41 PM
2026-06-12
$165.00
5/20/2026, 11:07:41 PM
2026-06-18
$170.00
5/20/2026, 11:07:41 PM
2026-06-26
$170.00
5/20/2026, 11:07:41 PM
2026-07-17
$160.00
5/20/2026, 11:07:41 PM
2026-08-21
$155.00
5/20/2026, 11:07:41 PM
2026-09-18
$176.00
5/20/2026, 11:07:41 PM
2026-10-16
$164.60
5/20/2026, 11:07:41 PM
2026-12-18
$182.00
5/20/2026, 11:07:41 PM
2027-01-15
$188.00
5/20/2026, 11:07:41 PM
2027-03-19
$176.00
5/20/2026, 11:07:41 PM
Selected expiration: 2026-05-22 at max pain $160.00.
BKNG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
32057540
32057540
105
0
28953040
28953040
110
6500
25866040
25872540
115
13000
22859040
22872040
120
20500
19852040
19872540
125
28000
16852540
16880540
130
35500
13868540
13904040
135
43000
10906540
10949540
138
47500
9183940
9231440
139
49000
8622240
8671240
140
50500
8061940
8112440
141
52000
7542740
7594740
142
53500
7028340
7081840
143
55000
6513940
6568940
144
56500
5999840
6056340
145
58000
5488140
5546140
146
59600
4994440
5054040
147
61200
4519040
4580240
148
62800
4055640
4118440
149
64400
3619840
3684240
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.