This page reflects BULL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — BULL
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $6.50 (0.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.50
Nearest expiry
Expected Move
±$0.70
±10.1%
Days to Expiry
3
Calendar days
Total Call OI
56,496
Nearest expiry
Total Put OI
10,207
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$7.00
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
$6.50
5/8/2026, 11:07:04 PM
2026-05-15
$7.00
5/15/2026, 11:04:51 PM
2026-05-22NextUpdated
$6.50
5/19/2026, 11:04:18 PM
2026-05-29
$6.50
5/19/2026, 11:04:18 PM
2026-06-05
$6.50
5/19/2026, 11:04:18 PM
2026-06-12
$6.50
5/19/2026, 11:04:18 PM
2026-06-18
$7.50
5/19/2026, 11:04:18 PM
2026-06-26
$7.00
5/19/2026, 11:04:18 PM
2026-07-17
$7.50
5/19/2026, 11:04:18 PM
2026-08-21
$5.00
5/19/2026, 11:04:18 PM
2026-09-18
$5.00
5/19/2026, 11:04:18 PM
2026-10-16
$7.50
5/19/2026, 11:04:18 PM
2026-11-20
$7.50
5/19/2026, 11:04:18 PM
2026-12-18
$7.50
5/19/2026, 11:04:18 PM
2027-01-15
$7.50
5/19/2026, 11:04:18 PM
Selected expiration: 2026-05-22 at max pain $6.50.
BULL pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
5725500
5725500
1.5
1100
5215150
5216250
2
3100
4705150
4708250
2.5
5500
4196150
4201650
3
8100
3687150
3695250
3.5
11000
3178150
3189150
4
14450
2670200
2684650
4.5
19400
2164200
2183600
5
25200
1660800
1686000
5.5
47500
1183450
1230950
6
137250
723900
861150
6.5
278100
351550
629650
7
607650
101350
709000
7.5
1186650
37700
1224350
8
2346950
21300
2368250
8.5
3968200
16450
3984650
9
5777200
13650
5790850
9.5
7788400
11100
7799500
10
9922950
8550
9931500
10.5
12280900
6650
12287550
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.