This page reflects BROS 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 — BROS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $52.00 (3.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.00
Nearest expiry
Expected Move
±$1.80
±3.3%
Days to Expiry
2
Calendar days
Total Call OI
4,558
Nearest expiry
Total Put OI
2,387
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$55.11
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
$55.00
5/8/2026, 11:04:10 PM
2026-05-15
$54.00
5/15/2026, 11:07:59 PM
2026-05-22NextUpdated
$52.00
5/20/2026, 11:06:30 PM
2026-05-29
$54.00
5/20/2026, 11:06:30 PM
2026-06-05
$52.00
5/20/2026, 11:06:30 PM
2026-06-12
$55.00
5/20/2026, 11:06:30 PM
2026-06-18
$50.00
5/20/2026, 11:06:30 PM
2026-06-26
$50.00
5/20/2026, 11:06:30 PM
2026-07-17
$55.00
5/20/2026, 11:06:30 PM
2026-09-18
$50.00
5/20/2026, 11:06:30 PM
2026-10-16
$50.00
5/20/2026, 11:06:30 PM
2027-01-15
$50.00
5/20/2026, 11:06:30 PM
Selected expiration: 2026-05-22 at max pain $52.00.
BROS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
3319950
3319950
39
0
2367550
2367550
40
0
2130550
2130550
41
0
1894250
1894250
42
0
1658150
1658150
43
0
1423750
1423750
44
0
1214750
1214750
44.5
0
1110850
1110850
45
50
1007100
1007150
45.5
100
909050
909150
46
300
811400
811700
46.5
600
715750
716350
47
1050
624650
625700
47.5
1550
538850
540400
48
2150
454550
456700
48.5
2800
380350
383150
49
3550
309650
313200
49.5
4650
261900
266550
50
8250
216900
225150
51
22350
149400
171750
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.