What is C max pain this week?

C max pain for the nearest expiration (2026-05-22) is $124.00. Total call open interest: 20,377. Total put open interest: 14,380.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options CMax Pain

C

Citigroup, Inc.Close $124.82EOD only

Max Pain

$124.00

Next expiry May 22, 2026

Expected Move

±$2.47

2.0% from close

Price Gap

-0.82

Distance to max pain

IV Rank

Low premium

P/C OI

1.45

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects C 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 — C

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $124.00 (0.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$124.00

Nearest expiry

Expected Move

±$2.47

±2.0%

Days to Expiry

Calendar days

Total Call OI

20,377

Nearest expiry

Total Put OI

14,380

Nearest expiry

P/C OI Ratio

0.71

Put-heavy

Spot Price

$124.82

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	$128.00	5/8/2026, 11:07:48 PM
2026-05-15	$123.00	5/15/2026, 11:09:19 PM
2026-05-22NextUpdated	$124.00	5/20/2026, 11:06:22 PM
2026-05-29	$126.00	5/20/2026, 11:06:22 PM
2026-06-05	$126.00	5/20/2026, 11:06:22 PM
2026-06-12	$124.00	5/20/2026, 11:06:22 PM
2026-06-18	$110.00	5/20/2026, 11:06:22 PM
2026-06-26	$122.00	5/20/2026, 11:06:22 PM
2026-07-17	$97.50	5/20/2026, 11:06:22 PM
2026-08-21	$120.00	5/20/2026, 11:06:22 PM
2026-09-18	$105.00	5/20/2026, 11:06:22 PM
2026-10-16	$125.00	5/20/2026, 11:06:22 PM
2026-11-20	$85.00	5/20/2026, 11:06:22 PM
2026-12-18	$87.50	5/20/2026, 11:06:22 PM
2027-01-15	$100.00	5/20/2026, 11:06:22 PM
2027-03-19	$125.00	5/20/2026, 11:06:22 PM

Selected expiration: 2026-05-22 at max pain $124.00.

C pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
75	0	64420500	64420500
90	0	43014000	43014000
95	0	35938000	35938000
100	5000	28872500	28877500
101	6200	27461800	27468000
102	7400	26053000	26060400
103	8600	24645600	24654200
104	9800	23241100	23250900
105	12000	21838700	21850700
106	14200	20438700	20452900
107	16400	19042300	19058700
108	18600	17647500	17666100
109	21100	16257900	16279000
110	23600	14878300	14901900
111	26300	13519500	13545800
112	29000	12175800	12204800
113	32000	10847700	10879700
114	38400	9526400	9564800
115	50000	8228700	8278700
116	78500	6983500	7062000

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.